Your client is a self proclaimed real estate expert. He and his wife want to contribute of
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Your client is a self proclaimed real estate expert. He and his wife want to contribute of some undeveloped land to a qualified charity. Your client values the property at $1,000,000 for purposes of the charitable contribution. What do your clients need to do to claim a valid charitable contribution deduction on their tax return?
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You can deduct donations you make to qualified charities This can reduce your taxable income but to claim the donations you have to itemize your deduc... View the full answer
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