jlew1229
Level 3
09-02-2022
10:10 AM
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I found an article in the CPA Journal that states the shareholders can take the appreciated value difference on their personal tax return. Since the charitable donation has a related use to the charitable organization, FMV applies. (land is being donated to a housing authority to build low income housing.) Am I not understanding the article correctly?
and does the $80,000 portion of the contribution go on screen 25?