Question
Ruth Lewis owns land with a fair market value of $203,877. She contributes the land to Square Foot Gardening Foundation, a qualified charitable organization, in
Ruth Lewis owns land with a fair market value of $203,877. She contributes the land to Square Foot Gardening Foundation, a qualified charitable organization, in the current year. Ruth purchased the land 18 months ago for $71,965.
How much can Ruth deduct for the charitable contribution before any limitations?
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Fundamentals Of Taxation 2015
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
8th Edition
1259293092, 978-1259293122, 1259293122, 978-1259293092
