Karen, a calendar year taxpayer, made the following donations to qualified charitable organizations during the year: The land had been held as an investment and was acquired 4 years ago.Shortly after receipt, the City of Terre Haute sold the land for $210,000.Karen's AGI is $450,000.The allowable charitable contribution deduction this year is:

Question

Karen, a calendar year taxpayer, made the following donations to qualified charitable organizations during the year:  The land had been held as an investment and was acquired 4 years ago.Shortly after receipt, the City of Terre Haute sold the land for $210,000.Karen's AGI is $450,000.The allowable charitable contribution deduction this year is:

Quizplus · Accepted Answer

The Answer of Karen, a calendar year taxpayer, made the following donations to qualified charitable organizations during the year:  The land had been held as an investment and was acquired 4 years ago.Shortly after receipt, the City of Terre Haute sold the land for $210,000.Karen's AGI is $450,000.The allowable charitable contribution deduction this year is:

Karen, a Calendar Year Taxpayer, Made the Following Donations to Qualified