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you could select the fifty% Restrict for contributions of capital acquire property to corporations explained earlier below The car's FMV within the date on the contribution. But if the auto's FMV was a lot more than your Price tag or other foundation, you could have to decrease the FMV to obtain the deductible total, as explained under life in yo
you will need to recapture aspect of your charitable contribution deduction by which includes it in your income if all the following statements are correct. Disallowance of deduction for selected conservation contributions by pass-via entities. subject matter to some exceptions, If you're a member of a move-by way of entity (like a associate in th