If you donate cryptocurrency, what documentation do you need to support the deduction scales with the value of the donation? 1. For donations under $250: A simple receipt from the charity. 2. For donations between $250 to $500: A written acknowledgment from the charity stating the date of the donation, a description of the virtual currency, and whether any goods or services were provided in exchange. 3. For gifts between $501 to $5,000: You must file IRS Form 8283 (Noncash Charitable Contributions) and complete Section A. You will need to provide your cost basis and the date the asset was acquired. 4. For donations over $5,000: You must complete Section B of Form 8283. Under current IRS regulations, a qualified appraisal is legally required for crypto donations exceeding $5,000, and the appraiser must sign the form. (Note: The proposed Charitable Deductions for Digital Asset Donations Act (H.R. 9173) aims to eliminate this costly appraisal requirement, but until that legislation passes, the appraisal rule remains strictly in effect).