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  • JON
    Senior Member
    • Jul 2005
    • 1265
    #1

    Contribution

    of art. Is that 20% or 30% AGI llimited????
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    • JON
      Senior Member
      • Jul 2005
      • 1265
      #2
      Ok Ok

      it is a 50% organization so she gets 30%.. Right???

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        • MAMalody
          Senior Member
          • Oct 2006
          • 374
          #3
          Originally posted by JON
          it is a 50% organization so she gets 30%.. Right???
          That would be correct as long as you are not adjusting the FMV by the LT capital gain amount as if you had sold the art piece. If you choose to do that, then you can use the 50% limit.

          Mike

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