Question: problem 5 2 8 Tabitha donates a painting that she purchased three years ago for $ 8 0 0 0 to university for display in
problem Tabitha donates a painting that she purchased three years ago for $ to university for display in the presidents office. The fair market value of the painting on the date of the gift is $ if Tabitha had sold the painting the difference between the sales price and her cost would have been a longterm capital gain, how much is Tabithas charitable contribution deduction for this donation before any AGI based limitations Blank is deductible because the painting blank put to a used directly related to the organizations primary purpose. The deduction is blank the amount of potential longterm gain.
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