Agnes is retired and has only a $12,000 annual pension as income. In 2018, Agnes' aunt dies and leaves her land worth $1.2 million. Agnes sees no need for the land and donates it immediately to a qualified public charity. Agnes may deduct a $1.2 million charitable contribution on her 2018 tax return.

True/ False

Answer rating: 100% (QA)

Correct answer False Explanation Deductions for charitable contribut... View the full answer