Lady Bracknell’s classic line from Wilde’s 1895 play could be said to apply to a similar situation that Patricia and Kevin Keefer found themselves in involving their charitable contribution.

A double whammy. To be taxed on the appreciation element of a charitable contribution under the “anticipatory, assignment of income” doctrine may be regarded as a misfortune. But to then lose the charitable deduction for the resulting deemed cash gift (not the property interest intended) and not have a receipt meeting the contemporaneous written acknowledgment (CWA) requirements looks like carelessness.

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