Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps

تمرين 24

Adrian contributed an antique vase she had owned for 25 years to a museum. At the time of the donation, the vase had a value of $35,000. The museum displayed this vase in the art gallery.
a. Assume that Adrian's AGI is $80,000, and her basis in the vase is $15,000. How much may Adrian deduct?
b. Assume that Adrian's AGI is $80,000, and her basis in the vase is $40,000. How much may Adrian deduct?
c. How would your answer change to Part A if the museum sold the vase to an antique dealer?