a
Introduction:Contributions to charities are deductible from taxable income.To avail the deduction, the donations must be made in cash or property, allowing free use of taxpayer’s property for a charitable organization does not qualify for the deduction. Any out-of-pocket expenses related to qualified charitable activities are also deductible.
To explain:The reason for charitable deduction at fair market value for donation of paining by B.
b
Introduction:Contributions to charities are deductible from taxable income.To avail the deduction, the donations must be made in cash or property, allowing free use of taxpayer’s property for a charitable organization does not qualify for the deduction. Any out-of-pocket expenses related to qualified charitable activities are also deductible.
The amount of charitable contribution deduction for B’s donation.

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