The Chronicle of Philanthropy
LETTERS TO THE EDITOR

Unusual Gifts: Donors Need to Be Mindful of Tax Rules

To the Editor:

Your article on unusual gifts ("Treasure Trove or Trash Bin?," April 4) omits discussion of a key issue.

If a donor contributes personal property to a public charity, he or she may deduct the fair market value of a donated object only if it would produce long-term capital gain if sold by that individual.

Fair market–value...

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