Diane Contributed a Parcel of Land to the United Way

question 82

Essay

Diane contributed a parcel of land to the United Way.In addition, she contributed bibles and song books from her proprietorship's book store inventory to First Church, a qualified charitable organization.Should Diane's charitable contribution deduction for these contributions be determined by the basis or fair market value of the contributed items?

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Definitions:

Maslow

Pertains to Abraham Maslow, an American psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Being Needs

Fundamental aspects of human motivation and personality related to self-actualization, such as creativity, problem-solving, and acceptance of facts.

Deprivation Motivation

A drive that emerges from a lack of critical psychological or physical needs, leading to behaviors aimed at fulfilling those deficits.

Persistent Motive

A long-standing desire or drive that consistently influences behavior over time.