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Tax Rules for Gifts of Personal Property
Tax Rules for Gifts of Personal Property
Churches and their donors need to understand how to substantiate gifts— from cars to clothing.

This article is the second of a two-part series on substantiating noncash gifts. Part one on noncash real property appeared in the August issue. What follows are substantiation considerations for "personal property"—such as clothing, cars, boats, household items, and stock.

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