Tax Facts

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Charitable Gifts
Bargain Sales
Q 1325 How is the charitable contribution deduction computed when property is sold to a charity at a reduced price?
Deduction Limits
Q 824 What is the maximum annual limit on the income tax deduction allowable for charitable contributions?
Q 1320 What are the income percentage limits for deduction of a charitable contribution?
Q 1321 When is the deduction for charitable contributions taken?
Q 1322 Can an individual deduct the fair market value of appreciated real estate or intangible personal property such as stocks or bonds given to a charity?
Q 1323 May an individual deduct the fair market value of appreciated tangible personal property, such as art, stamps, coins, and gems given to a charitable organization?
Q 1324 May an individual take a deduction for charitable contributions to private foundations?
Estate Taxation
Q 864 What is the estate tax charitable deduction and what is the limitation on the deductible amount?
General
Q 454 What is a charitable IRA rollover or qualified charitable distribution?

Q 1315 What general rules apply to charitable deductions?
Q 1316 How is fair market value of a gift of property determined?
Q 1317 What verification is required to substantiate a deduction for a charitable contribution?
Q 1318 What verification is required to substantiate a deduction for a charitable contribution of a qualified vehicle?
Q 1319 What penalty applies if a taxpayer overvalues property donated to charity?
Q 1341 What is a charitable IRA rollover or qualified charitable distribution?
Gift Taxation
Q 920 Is the federal gift tax imposed on gifts to charitable organizations?
Q 1532 Is a gift tax deduction allowed for gifts to charity?
Partial Interests
Q 825 Can a charitable deduction be taken for a contribution in trust of a remainder interest or a lead interest in property?
Q 1327 Can a deduction be taken for a charitable contribution of less than the donor’s entire interest?
Q 1328 What is a charitable remainder trust? How are charitable remainder trusts used as planning tools?
Q 1329 Can a deduction be taken for a contribution to a charitable remainder trust or a pooled income fund?
Q 1330 What is a charitable remainder annuity trust?
Q 1331 What is a charitable remainder unitrust?
Q 1332 What is a pooled income fund?
Q 1333 What is a donor advised fund?
Q 1334 How much can be deducted for a gift to a charitable remainder annuity trust or unitrust? When is the deduction taken?
Q 1335 How are the payments from a charitable remainder trust to a beneficiary taxed?
Q 1336 Is a charitable remainder annuity trust or unitrust subject to income tax?
Q 1337 Can a deduction be taken for a charitable contribution to a charitable lead trust of a right to payment to the charity?
Q 1338 Is the deduction for a gift to a charitable lead trust of a right to payment taken in the year of the gift?
Q 1339 Is a gift of a “conservation easement” or a “facade easement” deductible?
Partnership Interest
Q 1340 What are the tax consequences of a charitable contribution of a partnership interest?
Property Subject To A Liability
Q 1326 How is the amount of a charitable contribution affected when a taxpayer donates property subject to a mortgage or other debt?
Quick Clicks
Q 1316 How is fair market value of a gift of property determined?
Q 1317 What verification is required to substantiate a deduction for a charitable contribution?
Q 1318 What verification is required to substantiate a deduction for a charitable contribution of a qualified vehicle?
Q 1320 What are the income percentage limits for deduction of a charitable contribution?
Q 1322 Can an individual deduct the fair market value of appreciated real estate or intangible personal property such as stocks or bonds given to a charity?
Q 1323 May an individual deduct the fair market value of appreciated tangible personal property, such as art, stamps, coins, and gems given to a charitable organization?
Q 1324 May an individual take a deduction for charitable contributions to private foundations?
Q 1327 Can a deduction be taken for a charitable contribution of less than the donor’s entire interest?
Q 1328 What is a charitable remainder trust? How are charitable remainder trusts used as planning tools?
Q 1329 Can a deduction be taken for a contribution to a charitable remainder trust or a pooled income fund?
Q 1330 What is a charitable remainder annuity trust?
Q 1331 What is a charitable remainder unitrust?
Q 1333 What is a donor advised fund?
Q 1334 How much can be deducted for a gift to a charitable remainder annuity trust or unitrust? When is the deduction taken?
Q 1335 How are the payments from a charitable remainder trust to a beneficiary taxed?
Q 1336 Is a charitable remainder annuity trust or unitrust subject to income tax?
Q 1337 Can a deduction be taken for a charitable contribution to a charitable lead trust of a right to payment to the charity?
Q 1338 Is the deduction for a gift to a charitable lead trust of a right to payment taken in the year of the gift?
Q 1341 What is a charitable IRA rollover or qualified charitable distribution?
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