Post
Topic
Board Legal
Topic OP
Will a Charity mess with my taxes
by
Wonga
on 04/01/2014, 22:49:18 UTC
Hey all.  I know it has been a while since I posted.  I'm still looking to start a drive to raise funds for the local CCFA (Crohns & Colitis Foundation of America) here in San Diego.  I contacted the organization, and they do not take bitcoins yet.  (I'll continue working with them though)

Here's my previous post on this subject:
https://bitcointalk.org/index.php?topic=272614.msg2940084#msg2940084


So...my question is this:  If I set up a charity and actually get a decent response (My wild dream is to raise 10 bitcoins), exchange the bitcoins for USD through coinbase, will it affect my taxes?  or does it become a wash? 

Here's a link to the charity I was going to attempt to raise funds for:
http://online.ccfa.org/site/TR/2012TakeStepsWalk/Chapter-GreaterSanDiegoandDesertArea?fr_id=4397&pg=entry

The 'team' would be some combination of my wife's Crohns blog and bitcoin.  I imagine i'll have her hold up a giant printed bitcoin or something.  I dunno.  Still working on a concept that wouldn't come off as corney.