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(B) Qualified appreciated stock.--* * *
for purposes of this paragraph, the term
“qualified appreciated stock” means any stock
of a corporation--
(i) for which (as of the date of the
contribution) market quotations are readily
available on an established securities
market, and
(ii) which is capital gain property (as
defined in subsection (b)(1)(C)(iv)).
B. Regulations
Section 1.170A-13, Income Tax Regs., sets forth record
keeping and return requirements for deductions for charitable
contributions. Paragraph (c) thereof applies to charitable
contributions made after December 31, 1984, by, among others, an
individual of an item of property “other than money and publicly
traded securities to which � 1.170A-13(c)(7)(xi)(B) does not
apply” if the amount claimed or reported as a deduction with
respect to the property exceeds $5,000. Paragraph (c) further
provides: “No deduction under section 170 shall be allowed with
respect to a charitable contribution to which this paragraph
applies unless the substantiation requirements described in
paragraph (c)(2) of this section are met.” In pertinent part,
section 1.170A-13(c)(2)(i), Income Tax Regs., provides:
(2) Substantiation requirements. (i) In general.
* * * a donor who claims or reports a deduction with
respect to a charitable contribution to which this
paragraph (c) applies must comply with the following
three requirements:
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Last modified: May 25, 2011