Question: In 2 0 2 3 , Darcy made the following charitable contributions:Donee Property Cost FMVState University IBM stock $ 1 5 , 0 0 0

In 2023, Darcy made the following charitable contributions:Donee Property Cost FMVState University IBM stock $ 15,000 $ 10,500Salvation Army Clothes 2,500500State Art Museum Painting 5,00045,000City Hospital Cash 8,000RequiredDetermine the maximum amount of charitable deduction for Darcys contribution of thepainting if her AGI is $80,000 this year. You may assume that both the stock and paintinghave been owned for 10 years and the painting is used in the State Art Museums charitablepurpose.

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