Multiple Choice
Carol contributes a painting to a local museum for display.Her AGI is $60,000.Carol paid $22,000 for the painting in 2006,but its market value at the date of the contribution is $25,000.With no special elections,Carol's deductible contribution this year is
A) $7,000.
B) $18,000.
C) $22,000.
D) $25,000.
Correct Answer:
Verified
Correct Answer:
Verified
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