Lumpy makes a gift of a van to a local clothing bank run by a charity. Lumpy

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Lumpy makes a gift of a van to a local clothing bank run by a charity. Lumpy had used the van in her trade orbusiness. The van has a FMV of $6,500; a cost of $31,000; and $27,000 depreciation claimed.

What is the amount of Lumpy's charitable contribution deduction?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

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

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Posted Date: May 16, 2023 06:34 AM

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Lumpy makes a gift of a van to a local clothing bank run by a charity. Lumpy

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To determine the amount of Lumpys charitable contribution deduction for the gift o... View the full answer

Income Tax Fundamentals 2013

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