a. For purposes of the charitable contribution deduction, what is capital gain property? Ordinary income property? b.

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a. For purposes of the charitable contribution deduction, what is capital gain property? Ordinary income property?
b. What is the significance of classifying property as either capital gain property or ordinary income property?

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Federal Taxation 2016 Comprehensive

ISBN: 9780134104379

29th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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Question Posted: Dec 11, 2015 01:57 AM

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a. For purposes of the charitable contribution deduction, what is capital gain property? Ordinary income property? b.

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a Capital gain property is property held over one year upon which a longterm capital gain would be r...View the full answer

Federal Taxation 2016 Comprehensive

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