§6050L. Returns relating to certain donated property — Inbound Citations
26 U.S.C. § 6050L
Cited by 8 provisions in release 119-102.
Citations to 26 U.S.C. § 6050L as a whole
Citations to §6050L(a)
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(ix) section 6050L(a) (relating to returns relating to certain dispositions of donated property),
Citations to §6050L(a)(2)(A)
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(C) For purposes of this paragraph, the term “applicable property” means charitable deduction property (as defined in section 6050L(a)(2)(A))—(i) which is tangible personal property the use of which is identified by the donee as related to the purpose or function constituting the basis of the donee’s exemption under section 501, and(ii) for which a deduction in excess of the donor’s basis is allowed.
Citations to §6050L(a)(2)(B)
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(I) Subparagraphs (C) and (D) shall not apply to cash, property described in subsection (e)(1)(B)(iii) or section 1221(a)(1), publicly traded securities (as defined in section 6050L(a)(2)(B)), and any qualified vehicle described in paragraph (12)(A)(ii) for which an acknowledgement under paragraph (12)(B)(iii) is provided.
Citations to §6050L(b)(1)
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(B) The net income taken into account under paragraph (3) shall not exceed the amount of such income reported under section 6050L(b)(1).
Citations to §6050L(c)
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(B) in the case of a payee statement required under section 6045(b), 6050K(b), or 6050L(c), 5 percent of the aggregate amount of the items required to be reported correctly, and
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(Q) section 6050L(c) (relating to returns relating to certain dispositions of donated property),