Ruth Lewis owns land with a fair market value of $203,877. She contributes the land to Square

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Ruth Lewis owns land with a fair market value of $203,877. She contributes the land to Square Foot Gardening Foundation, a qualified charitable organization, in the current year. Ruth purchased the land 18 months ago for $71,965.

How much can Ruth deduct for the charitable contribution before any limitations?

Related Book For answer-question

Fundamentals Of Taxation 2015

ISBN: 9781259293092

8th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone

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Posted Date: Oct 24, 2023 06:37 AM

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Ruth Lewis owns land with a fair market value of $203,877. She contributes the land to Square

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Fundamentals Of Taxation 2015

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