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Lumpy makes a gift of a van to a local clothing bank run by a charity. Lumpy had used the van in her trade orbusiness.
Lumpy makes a gift of a van to a local clothing bank run by a charity. Lumpy had used the van in her trade orbusiness. The van has a FMV of $6,500; a cost of $31,000; and $27,000 depreciation claimed.
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To determine the amount of Lumpys charitable contribution deduction for the gift o...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
