TagRaffle Tickets

Revenue Ruling 83-130 (1983)

Revenue Ruling 83-130; 1983-2 C.B. 148 ISSUES What is the amount of gain recognized by an individual taxpayer on the sale of the taxpayer’s personal residence to a charitable organization that subsequently awards the house as a raffle prize under the circumstances described below? Has the taxpayer made any deductible charitable contribution under section 170 of the Internal Revenue Code...

Tags