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ajstenger1
March 13, 2023
Question

In-Kind Charitable Donation

  • March 13, 2023
  • 1 reply
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I rented my condominium for 7 weeks to a charity at below market price. Can I deduct the difference between the market rate and my income received as charitable a deduction in-kind?

    1 reply

    S
    ShirlynW
    March 13, 2023

    No. You can't deduct the difference between the market rate and your income. IRS Pub 526., page 9, "A contribution of the right to use property is a contribution of less than your entire interest in that property and isn't deductible."

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