Congress may restore bigger deductions on fractional art donations (Fort Worth Star-Telegram)

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By MIKE SPECTOR Jon and Mary Shirley used to give artwork by the likes of Jackson Pollock, Mark Rothko and Alberto Giacometti to the Seattle Art Museum. No longer. A federal crackdown on deductions for so-called fractional gifts of art has made donating too onerous for them. Before, the Shirleys could donate small stakes in their artwork to the museum over time and reap increasingly larger ...

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