Gift Tax Calculator
Calculate crypto gift tax and cost basis transfer
Gift Details
Total Value:
$0
Unrealized Gain:
$0
Annual Exclusion Check
Results
Gift Value:$0
Exclusion:$18,000
Other Gifts:$0
Over Exclusion:$0
File Form 709 (no tax due if under lifetime limit)
Within exclusion - no filing needed
Your Cost Basis:$0
FMV at Gift:$0
Built-in Gain:$0
Proceeds:$0
Cap Gain:$0
Tax Owed:$0
No tax on receiving. Tax only when you sell.
Gift Tax FAQ
Can I gift $18K to multiple people?
Yes! The exclusion is per recipient. Gift $18K to 10 people = $180K with no paperwork.
What if crypto dropped since I bought?
Complex rules. Consider selling and gifting cash to claim the loss yourself instead.
Do I pay tax on the $50K gain I'm gifting?
No! The unrealized gain transfers to the recipient. They'll pay when they sell.
What's the lifetime exemption?
~$13.61M in 2024. Gifts over annual exclusion reduce this. Most never hit it.
How does recipient prove cost basis?
They need your records. Give them date acquired, cost, and gift date.
Spouse gifts taxable?
No. Unlimited gifts between US citizen spouses. No Form 709 needed.
Gifting to my kids?
Same rules. Under $18K/year per child = no filing. Use custodial wallets for minors.
Gift vs donation?
Gifts to people. Donations to 501(c)(3) charities. Donations can give deductions.
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