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In the current year, Seven Corporation contributes inventory (computers) to State University for use in its mathematics program. The computers have a $950 cost basis
In the current year, Seven Corporation contributes inventory (computers) to State University for use in its mathematics program. The computers have a $950 cost basis and a $2,300 FMV. How much is Seven's charitable contributions deduction for the computers? (Ignore the 10% limit.) (Round your answers to the nearest whole dollar.) Deduction if the property qualifies as scientific research property under Sec. 170(e)(4) = Deduction if the property does not qualify as scientific research property =
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