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Donated use of condo for charitable purposes
We own a condo that is professionally managed and rented all year. We donated a week use of the condo to a registered charity. There are 3 different values: the cost that the occupant pays to the management company ($3,000), the owner (our) proceeds from a rental ($1,500) and our finally out actual out-of-pocket cost for the wee ($35) - not counting the lost potential revenue. What amount may be deducted as a charitable contribution, if any?
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‎June 4, 2019
8:15 PM