Question 1

What is a qualified appraisal for cryptocurrency donations?

Accepted Answer

A qualified appraisal is an independent valuation of your donated cryptocurrency that meets IRS requirements for claiming a charitable deduction. For non-cash charitable contributions exceeding certain thresholds, the IRS requires a qualified appraisal to support your claimed deduction. Our reports provide the fair market value of your cryptocurrency at the time of donation, along with the supporting documentation needed for your tax filing.

Question 2

When do I need a qualified appraisal for my crypto donation?

Accepted Answer

Generally, the IRS requires a qualified appraisal for non-cash charitable contributions claimed at more than $5,000. This includes cryptocurrency donations. If your donation is valued between $500 and $5,000, you may need to complete IRS Form 8283 Section A. For donations over $5,000, Section B of Form 8283 requires a qualified appraisal. We recommend consulting with your tax professional to confirm your specific requirements.

Question 3

What information do you need from me?

Accepted Answer

To complete your appraisal, we need: the type and amount of cryptocurrency donated, the exact date and time of the donation (with timezone), the name of the receiving charity, your contact information, and any supporting documentation such as donation receipts, transaction hashes, or exchange statements. The more information you provide, the faster we can complete your appraisal.

Question 4

How do you determine the fair market value?

Accepted Answer

We determine fair market value using a methodology aligned with commonly accepted valuation standards. For actively traded cryptocurrencies, we reference pricing data from major exchanges at the exact date and time of your donation. For less liquid assets, we employ additional valuation approaches appropriate to the asset type. Our reports include full documentation of the methodology used.

Question 5

What do I receive with my appraisal?

Accepted Answer

You receive a comprehensive PDF appraisal report that includes: the appraised fair market value of your donation, the valuation date and time, our methodology explanation, supporting market data, and a signed declaration from our qualified appraiser. This report is designed to meet IRS requirements and support your charitable deduction claim.

Question 6

How long does the appraisal process take?

Accepted Answer

Standard appraisals are delivered within 3-5 business days. Rush processing is available for 1-2 business day delivery at an additional fee. Complex appraisals involving multiple assets or unusual valuation scenarios may take 5-7 business days. We'll notify you immediately if we need additional information that might affect your timeline.

Question 7

Can I get an appraisal for donations I made in previous years?

Accepted Answer

Yes, we can provide appraisals for past donations as long as sufficient documentation exists to verify the transaction details. Historical appraisals may be needed for amended returns or if you're completing your tax filing after the donation year. Please note that the IRS has specific rules about when appraisals must be obtained, so consult with your tax professional.

Question 8

What cryptocurrencies can you appraise?

Accepted Answer

We can appraise most major cryptocurrencies including Bitcoin, Ethereum, and other widely-traded assets. For ERC-20 tokens, NFTs, DeFi positions, or less common assets, please select our Complex tier or contact us to discuss your specific situation. Some highly illiquid or newly-launched tokens may require additional analysis.

Question 9

Is this the same as tax advice?

Accepted Answer

No. Our service provides independent valuations of cryptocurrency assets. We do not provide tax, legal, or financial advice. While our appraisals are designed to meet IRS requirements for qualified appraisals, you should always consult with a qualified tax professional or CPA regarding your specific tax situation, filing requirements, and the deductibility of your charitable contributions.

Question 10

What is your refund policy?

Accepted Answer

If you need to cancel before we begin work on your appraisal, we offer a full refund. Once work has begun, we can provide a partial refund depending on the stage of completion. After your appraisal report has been delivered, no refunds are available. If you're unsatisfied with your report, please contact us and we'll work to address your concerns through our revision process.

Frequently Asked Questions

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Process & Timeline

Pricing & Policies

Technical

Additional Questions

Can you appraise donations made to foreign charities?

What if the crypto I donated isn't listed on major exchanges?

Do you provide appraisals for NFT donations?

What documentation should I keep for my records?

How do I know if I need a qualified appraisal?

Can you help me find a charity that accepts crypto?

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