Question: Problem 5 - 2 8 Charitable Contributions ( LO 5 . 9 ) Tabitha donates a painting that she purchased three years ago for $

Problem 5-28
Charitable Contributions (LO 5.9)
Tabitha donates a painting that she purchased three years ago for $8,000, to a university for display in the president's office. The fair market value of the painting on the date of the gift is $14,000. If Tabitha had sold the painting, the difference between the sales price and her cost would have been a long-term capital gain.
How much is Tabitha's charitable contribution deduction for this donation (before any AGI-based limitations)?

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