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#5 Compute the current deduction and carryover for contributions of appreciated property - Criteria 3/4. 5. Don donates a truck that was used in his
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Compute the current deduction and carryover for contributions of appreciated property - Criteria 3/4. 5. Don donates a truck that was used in his business to his church in 2019. The truck, which was purchased for $2,500, has an adjusted basis of $810 and a FMV of $1,600 at the time of the contribution. The church sold the truck without using it. Don has a contribution base of $10,000 Compute Don's 2019 contribution deduction a $790 b. $810 c. $1.600 5 Step by Step Solution
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