If a taxpayer contributes a painting to a museum but reserves the right to use the painting for parties, he may not be allowed a deduction for the charitable contribution.

Question

Quizplus · Accepted Answer

If a taxpayer reserves the right to use the painting, it is not considered a complete and unconditional transfer of ownership and therefore may not qualify as a charitable contribution for tax deduction purposes.

If a Taxpayer Contributes a Painting to a Museum but Reserves