Jana gives property worth 54000 to her alma mater during, Ask an Expert

Management Studies

Jana gives property worth $54,000 to her alma mater during the current year. She purchased the property several years ago for $32,000.

What is Jana's maximum deduction if the property is ordinary income property?
What is Jana's maximum deduction if the property is long-term capital gain property?
How would your answers change if Jana's adjusted gross income were $60,000?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M91700732

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