Why Donate RAY?
Since RAY has appreciated significantly, donating RAY and other cryptocurrencies can save you money on your taxes. Because the IRS classifies cryptocurrency as property, this means you don’t have to pay capital gains tax on your donation and can deduct the amount on your tax return. This is why financial advisors recommend you donate your most highly appreciated assets first. Users who donate and enter their email address will automatically get a compliant tax receipt.
Don’t want your RAY stack to decrease? Repurchase the same amount of RAY afterward and still get the same tax benefits to offset some (or all) of your gains.