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Question One: I gave a painting to a church. My basis is $1,000 and the FMV is $10,000. Discuss all rules and what is my
Question One: I gave a painting to a church. My basis is $1,000 and the FMV is $10,000. Discuss all rules and what is my tax deduction? Question Two: I gave stock to a church. My basis is $1,000 and the FMV is $10,000. Discuss all rules and what is my tax deduction? Question Seven: A taxpayer maintains a computer that is used 90 percent for his employer's business. The taxpayer also spent $500 in meals, $300 in supplies and had a cell phone that cost $600 per year and is used 50% for his employer. Discuss what can taxpayer deduct as a miscellaneous itemized deduction
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