In addition to receiving an income tax charitable deduction for the full market value of the property, the donor escapes any potential tax on the capital gain element in the gift property. (animalcenter.org)
Whether you're claiming charitable deductions on your 2017 return or planning your donations for 2018, be sure you know how much you're allowed to deduct. (jrcpa.com)
The couple receives a federal income tax charitable deduction for the amount of the gift. (hssv.mylegacygift.org)