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The newest modified basis of the provided region is actually $step three,two hundred ($4,000 × ($8,100 ÷ $ten,000)). Because the property is average income possessions, your charitable deduction is restricted to the modified basis of your own discussed part. Extent you could subtract to own a share of typical money property is its FMV minus the matter that would be average income or brief-identity funding gain for those who offered the house or property for its FMV.