![TE-philanthropy.jpg TE-philanthropy.jpg](https://eu-images.contentstack.com/v3/assets/bltabaa95ef14172c61/bltfcafb17495480cf7/6734af31a7ce1bc998c546dd/TE-philanthropy_20.jpg?width=1280&auto=webp&quality=95&format=jpg&disable=upscale)
For those who advise clients on the tax and other ramifications of making larger charitable gifts, one area that often assumes great importance is the relationship among the nature of donated assets, their values and the clients’ need for and ability to use tax deductions in light of their adjusted gross income (AGI) and other factors.
This advice can be relatively straightforward for gifts of cash and cash equivalents or assets, such as publicly traded securities, which have readily determinable fair market values.
On the other hand, when a client is considering a gift of real estate, art, a closely held business interest or other assets that are more difficult to value, a number of tax planning challenges can arise.
IRC Section 170(f)(11...
Unlock All Access Premium Subscription
Get Trusts & Estates articles, digital editions, and an optional print subscription. Choose your subscription now and dive into expert insights today!
Already Subscribed?