Question: Certain charitable contributions are allowable as itemized deductions on a taxpayer's personal income tax return. Provide an illustrative example of the type of charitable contribution

Certain charitable contributions are allowable as itemized deductions on a taxpayer's personal income tax return. Provide an illustrative example of the type of charitable contribution to a public charity or private operating foundation and the limitations to the deduction (if any) for:

Capital gain property.

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