3. Caitlyn is considering making a large charitable deduction this year (2019). Her filing status is MFJ and their AGI is $60,000. She is deciding between these options.
   • Donating cash to her local church of $40,000.
   • Donating painting to her church. FMV of the painting is 40,000 and her basis in the painting is $100. Her basis is so low in the painting because she found it at a garage sale three years ago and the seller didnt know its value
   • Donating painting to the community art museum. FMV of the painting is $40,000 and her basis in the painting is $100. Her basis is so low in the painting because she found it at a garage sale three years ago and the seller didnt know its value!

1. Evaluate all three of the options. What is the charitable contribution amount for each item? Which item would you recommend Caitlyn contribute and why?
2. How would you answer change if this were 2020?