Ordinary Income Property

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Definitions
Ordinary Income Property
Ordinary Income Property Charitable Contribution Fair Market Value Ordinary Income Short-Term Capital Gain Inventory Capital Assets Taxation
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.
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