Publication 526 2024, Charitable Contributions Internal Revenue Service
You may, however, have to treat this property as partly ordinary income property and partly capital gain property. See Property used in a trade or business under Ordinary Income Property, earlier. If you contribute inventory (property you sell in the course of your business), the amount you can deduct is the smaller of its FMV […]
Publication 526 2024, Charitable Contributions Internal Revenue Service Read More »