DianeW777
Expert Alumni

Deductions & credits

Yes, the reason is holding period and it can make a difference on your charitable donation deduction depending on other contributions. TurboTax will calculate the appropriate donation if you answer the questions.

 

Capital gain property exception. (applies to inherited property)

A 30% limit applies to noncash contributions of capital gain property if you figure your deduction using FMV without reduction for appreciation. See Certain capital gain property contributions to 50% limit organizations, later, under Limits based on 30% of AGI, for more information.

@bhart0308

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