### Question
How is the "charitable deduction property" defined?


### Answer
The term **charitable deduction property** is defined in *26 U.S.C. § 6050L* as follows -

> any property (other than publicly traded securities) contributed in a contribution for which a deduction was claimed under section 170 if the claimed value of such property (plus the claimed value of all similar items of property donated by the donor to 1 or more donees) exceeds $5,000

#### Citation:
  - *26 U.S.C. § 6050L*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 61-INFORMATION AND RETURNS > Subchapter A-Returns and Records > PART III-INFORMATION RETURNS > Subpart B-Information Concerning Transactions With Other Persons**

