Charitable Deduction Denied


In Evenchik v. Commissioner, T.C. Memo. 2013-34 (Feb. 4, 2013), the taxpayers donated approximately 72 percent of their shares in a corporation called Chateau Apartments, Inc., to a non-profit housing organization.  Chateau’s sole assets were two apartment buildings located in Arizona.  The taxpayers obtained appraisals of Chateau’s underlying assets and, based on these appraisals, claimed a charitable deduction under Internal Revenue Code Section 170 in 2004.

All access premium subscription

Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on

TAGS: Philanthropy
Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.