Can you explain the tax rule that when contributing cash and other property in the same tax

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Can you explain the tax rule that when contributing cash and other property in the same tax year, the 30% and 50% limits are reduced dollar for dollar by the amount of cash contribution subject to the 60% limit with examples?

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Oct 25, 2023 03:19 AM

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Can you explain the tax rule that when contributing cash and other property in the same tax

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The tax rule youre referring to pertains to charitable contributions in the United States and involves the deduction limits for donations made to qual... View the full answer

Income Tax Fundamentals 2013

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