Multiple Items Contributed—Deduction Limited To Basis – WealthManagement.com (blog)
Multiple Items Contributed—Deduction Limited To Basis
WealthManagement.com (blog) A gift of long-term appreciated tangible personal property to a public charity for a related use is deductible at fair market value (FMV). Rule 2. If the donor is a dealer, the deduction is limited to the basis. Rule 3. Under the IRS-was-not-born … |