Donor makes a contribution of real estate valued at $1 million to a charity. Donor's basis in the land is $250,000 and donor has owned the land for 10 years. Donor would be allowed a charitable income tax deduction equal to the fair market value of the land if donor contributes the land to which type of charities?

Answer rating: 100% (QA)

If the donor contributes the land to qualified public charities ... View the full answer