This project was initiated to amend 26 CFR 1.170A-4A regarding charitable contributions of inventory property under 170(e)(3). This guidance examines and considers relief for donations of qualified contributions of inventory property by permitting the taxpayer to recover the current-year acquisition costs of the contributed property as cost of goods sold, and recover the remaining portion of the deductible amount determined under section 1.170A-4A(c) as a charitable contribution under section 170(a), subject to the limitation in section 170(b)(2).