Charitable Contribution

Ordinary Income Property
Ordinary income property refers to property whose sale at fair market value on the date of the contribution would have resulted in ordinary income or in short-term capital gain. It includes inventory, works of art or manuscripts created by the donor, and capital assets held one year or less.
Out-of-Pocket Expenses
Out-of-pocket expenses are expenditures from an individual's personal financial resources, often for business or personal uses. Common examples include unreimbursed costs for supplies, travel, and services.
Qualified Organization
A qualified organization is an entity to which individuals or businesses can make deductible charitable contributions according to tax regulations.

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