Tax and Estate Planning Issues Facing Owners of Tangible Personal Property: Surveying the New Gift Landscape for Artwork and Collections
Ralph E Lerner
DECEMBER 9, 2014
For example, a painting that cost the donor $1,000 some years ago may have a fair market value of $10,000 today. A contribution today of the painting to charity that meets all the requirements discussed below produces an allowable charitable deduction of $10,000. For someone in the 35.0 Lerner’s complete article.
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