Cryptocurrency donations are tax-deductible and one of the most tax-efficient ways to support the North Korean people through Liberty in North Korea’s critical work. For more information on this check out these FAQs from our friends at The Giving Block or talk to your tax professional.
Donors can choose to remain anonymous when donating bitcoin and other cryptocurrencies. To receive a tax receipt for your donation, please provide an email address when completing the form.
The cryptocurrency community is an emerging force of innovation! We’d love to connect to see how we can collaborate or learn more about the potential of cryptocurrency. Reach us here.
*Please note that cryptocurrency donations will support LiNK’s work and will not be designated to a specific campaign or program. Your gift will be used where it is needed most. The IRS classifies cryptocurrency as property for tax purposes which means it is typically the most tax-efficient way to support your favorite cause. When donating crypto, you receive a tax deduction for the fair market value of the crypto, and you avoid the capital gains tax you would have incurred if you had sold the crypto and then made a donation. That means you’re able to donate more, as well as deduct more on your tax return. Please contact your tax or financial advisor for more information.