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Donor makes a contribution of real estate valued at $1 million to a charity. Donor's basis in the land is $250,000 and donor has owned
Donor makes a contribution of real estate valued at $1 million to a charity. Donor's basis in the land is $250,000 and donor has owned the land for 10 years. Donor would be allowed a charitable income tax deduction equal to the fair market value of the land if donor contributes the land to which type of charities?
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If the donor contributes the land to qualified public charities ...
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Federal Taxation 2016 Comprehensive
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
29th Edition
134104374, 978-0134104379
