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Zeke made the following donations to qualified charitable organizations during 2012: The used clothing was donated to the Salvation Army; the other items of property were donated to Eastern State University.Both are qualified charitable organizations.Disregarding percentage limitations,Zeke's charitable contribution deduction for 2012 is:
Co-ownership
The joint ownership of a property or asset by two or more parties who share the benefits and liabilities associated with it.
Married Couples
are two individuals legally wed to each other and recognized as a married unit under the law, with various shared legal rights and obligations.
Broker
An individual or firm that acts as an intermediary between buyers and sellers, typically in financial transactions, real estate, or investment deals.
Agent
represents a person authorized to act on behalf of another, known as the principal, in dealings with third parties, typically in commercial transactions or contractual agreements.
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