Contents

C H A P T E R S E V E N7Percentage Limitations§ 7.1 Introduction 188(a) Nature of Gift 188(b) Tax Law Classificationof Donee 188(c) Other Limitation Rules 190§ 7.2 Individual’s ContributionBase 190§ 7.3 Corporation’s TaxableIncome 191§ 7.4 Percentage Limitations:An Overview 191(a) General Rules 191(b) Carryover Rules 192§ 7.5 Fifty Percent Limitation 193(a) General Rules 193(b) Carryover Rules 194§ 7.6 Thirty PercentLimitation for Giftsof Certain Property 198(a) General Rules 198(b) Carryover Rules 200§ 7.7 Electable 50 PercentLimitation 201(a) General Rules 201(b) Timing of Election 206§ 7.8 General 30 PercentLimitation 206(a) General Rules 206(b) Carryover Rules 207§ 7.9 Interplay of 50 Percent/Special 30 PercentLimitations 208§ 7.10 Interplay of 50 Percent/General 30 PercentLimitations 208§ 7.11 Interplay of Special 30Percent/General 30Percent Limitations 210§7.12 Twenty PercentLimitation 210(a) General Rules 210(b) Carryover Rules 211§ 7.13 Gifts for the Use ofCharity 211§ 7.14 Blending PercentageLimitations 211§ 7.15 Individuals’ NetOperating Loss Carryoversand Carrybacks 212(a) Carryover Rules 213(b) Carryback Rules 214§ 7.16 Rules for Spouses 215§ 7.17 InformationRequirements 218§ 7.18 Percentage Limitationfor Corporations 219(a) General Rules 219(b) Carryover Rules 220§ 7.19 Corporations’ NetOperating Loss Carryoversand Carrybacks 221(a) Carryover Rules 221(b) Carryback Rules 222(c) Year ContributionIs Made 222 187