Source: https://www.law.cornell.edu/uscode/text/26/6050L?quicktabs_8=3
Timestamp: 2016-02-11 07:28:19
Document Index: 283998642

Matched Legal Cases: ['§ 6050', '§ 6050', '§ 6050', '§\u202f6050', '§\u202f155', '§\u202f882', '§\u202f1215', '§\u202f1215', '§\u202f155']

26 U.S. Code § 6050L - Returns relating to certain donated property | US Law | LII / Legal Information Institute
U.S. Code › Title 26 › Subtitle F › Chapter 61 › Subchapter A › Part III › Subpart B › § 6050L 26 U.S. Code § 6050L - Returns relating to certain donated property
§ 6050L.
Returns relating to certain donated property
(1) In generalIf the donee of any charitable deduction property sells, exchanges, or otherwise disposes of such property within 3 years after its receipt, the donee shall make a return (in accordance with forms and regulations prescribed by the Secretary) showing—
the name, address, and TIN of the donor,
the amount received on the disposition,
the date of such disposition,
a description of the donee’s use of the property, and
a statement indicating whether the use of the property was related to the purpose or function constituting the basis for the donee’s exemption under section 501.
(1) In generalEach donee with respect to a qualified intellectual property contribution shall make a return (at such time and in such form and manner as the Secretary may by regulations prescribe) with respect to each specified taxable year of the donee showing—
the amount of net income of the donee for the taxable year which is properly allocable to the qualified intellectual property (determined without regard to paragraph (10)(B) of section 170(m) and with the modifications described in paragraphs (5) and (6) of such section).
(Added Pub. L. 98–369, div. A, title I, § 155(b)(1), July 18, 1984, 98 Stat. 692; amended Pub. L. 108–357, title VIII, § 882(c)(1), Oct. 22, 2004, 118 Stat. 1629; Pub. L. 109–280, title XII, § 1215(b), Aug. 17, 2006, 120 Stat. 1078.)
Pub. L. 109–280, title XII, § 1215(d)(2), Aug. 17, 2006, 120 Stat. 1079, provided that: “The amendments made by subsection (b) [amending this section] shall apply to returns filed after September 1, 2006.”
Pub. L. 98–369, div. A, title I, § 155(d)(1), July 18, 1984, 98 Stat. 695, provided that: “The amendments made by subsections (a) and (b) [enacting this section, amending sections 6652 and 6678 of this title, and enacting provisions set out as a note under section 170 of this title] shall apply to contributions made after December 31, 1984, in taxable years ending after such date.”