Business, 31.07.2019 22:20 freedygotmoney

Stanley donates a hotel to a university for use as a conference center. the building was purchased 3 months ago for $1,500,000 and has a fair market value of $1,900,000 on the date the contribution is made. if stanley had sold the building, the $400,000 difference between the sales price and cost would have been a short-term capital gain. what is the amount of stanley's deduction for this contribution, before considering any limitation based on adjusted gross income?

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Stanley donates a hotel to a university for use as a conference center. the building was purchased 3...