I am looking to set up a Charitable Remainder Trust. I own a lot of bitcoins and the price has appreciated dramatically since I purchased them. I live overseas so I pay no income taxes on my first $100k of income but I do pay full capital gains taxes. I will be retiring at the end of the year so I will no longer have an income and would like to draw an income from my bitcoins through this trust without needing to pay out the capital gains. I am unsure of which charity but am under the impression that I can change this down the road.
I already cashed out .5m worth this year and have a hefty income so I would like to get that down under the $418k 15% threshold through this charitable contribution.