The market value of the land at the date of contribution is, Ask an Expert

Management Studies

Sidney purchased land in 2003 for $35,000 that she held as a capital asset. This year, she contributed the land to the Boy Scouts of America for use as a site for a summer camp. The market value of the land at the date of contribution is $40,000. Sidney's adjusted gross income is $90,000. Assuming no special elections, Sidney's maximum deductible contribution this year is ?

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Management Information System, Management Studies

Category:- Management Information System
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