Multiple Choice Question

Certain contributions of capital gain property do NOT qualify for a fair market value deduction. Which of the

following characteristics of the contribution will cause the asset to NOT qualify for a fair market value

deduction?

The asset is real property, such as land or a building.

The tangible personal property's use is unrelated to the charity's operations.

The asset is intangible, such as stock or bonds.

The asset was held by the donor for a total of $367$ days.