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Author Question: Clayton contributes land to the American Red Cross for use as a future site for a new building. His ... (Read 65 times)

debasdf

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Question 1

Carol contributes a painting to a local museum for display. Her AGI is $60,000. Carol paid $22,000 for the painting in 2006, but its market value at the date of the contribution is $25,000. With no special elections, Carol's deductible contribution this year is
◦ $ 7,000.
◦ $18,000.
◦ $22,000.
◦ $25,000.

Question 2

Clayton contributes land to the American Red Cross for use as a future site for a new building. His AGI is $50,000. Clayton paid $20,000 for the land eight months ago but its market value at the date of contribution is $25,000. With no special elections, Clayton's deductible contribution this year is
◦ $7,000.
◦ $18,000.
◦ $20,000.
◦ $25,000.


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Marked as best answer by debasdf on Sep 13, 2020

duke02

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Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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debasdf

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it


miss_1456@hotmail.com

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Reply 3 on: Yesterday
Excellent

 

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