Qualified appraisal required for charitable contributions of cryptoassets.
- Resource Type
- Article
- Authors
- Geiszler, Matthew; Arnold, Austin; McKinley, John
- Source
- Journal of Accountancy; Jun2023, Vol. 235 Issue 6, p30-31, 2p
- Subject
- Language
- ISSN
- 00218448
The article focuses on the requirement of a qualified appraisal for charitable contributions of crypto assets. Topics include the definition of digital assets and crypto currencies with the necessity of a qualified appraisal for donations; and the inapplicability of the reasonable-cause exception when relying solely on the exchange-reported value of digital assets.