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Business, 18.08.2019 02:10 eburnhisel2023

Simone donated a landscape painting (tangible capital gain property) to a library, a public charity. she purchased the painting five years ago for $50,000, and on the date of the gift, it had a fair market value of $200,000. what is her maximum charitable contribution deduction for the year if her agi is $300,000 (before considering the itemized deduction phase-out)? $100,000.$200,000.$90,000 if the library uses the painting in its charitable purpose.$150,000.none of the choices are correct.

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Simone donated a landscape painting (tangible capital gain property) to a library, a public charity....
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