### Question
How is the "applicable property" defined?


### Answer
The term **applicable property** is defined in *26 U.S.C. § 170* as follows -

> 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

#### Citation:
  - *26 U.S.C. § 170*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART VI-ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS**

