On the condition that the city rezone the area to allow its commercial development, T donated a piece of property to the city to be used for the site of a new public school.T will be allowed a charitable contribution deduction for this gift.

Question

Quizplus · Accepted Answer

A charitable contribution deduction is not allowed if the donation is conditional and the condition has not been met. In this case, the rezoning is a condition that must be fulfilled for the donation to be effective.

On the Condition That the City Rezone the Area to Allow