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taxmap/pubs/p561-003.htm#TXMP15fb663b

Penalty(p11)


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previous topic occurrence Penalty next topic occurrence

You may be liable for a penalty if you overstate the value or adjusted basis of donated property.
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20% penalty.(p11)


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The penalty is 20% of the underpayment of tax related to the overstatement if:
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40% penalty.(p11)


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The penalty is 40%, rather than 20%, if: