Question: a. For purposes of the charitable contribution deduction, what is capital gain property? Ordinary income property? b. What is the significance of classifying property as

a. For purposes of the charitable contribution deduction, what is capital gain property? Ordinary income property?
b. What is the significance of classifying property as either capital gain property or ordinary income property?

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a Capital gain property is property held over one year upon which a longterm capital gain would be r... View full answer

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