Question
Floyd Norris donated land to the city of Tahlequah for a park. He had purchased it in 1970 for $10,000. It was now worth $600,000.
Floyd Norris donated land to the city of Tahlequah for a park. He had purchased it in 1970 for $10,000. It was now worth $600,000. Floyd's AGI this year is $300,000. What is the amount of Floyd's Itemized deductions?
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Financial Accounting An International Introduction
Authors: David Alexander, Christopher Nobe
6th Edition
1292102993, 978-1292102993
