Hugh donates investment real estate to Habitat for Humanity. The property cost him $10,000 six years ago. The fair market value of the property at the date of the contribution is $18,000. Hugh's AGI is $80,000. What is the maximum amount Hugh can deduct as a charitable contribution?
A) $- 0 -
B) $5,000
C) $10,000
D) $18,000
E) $24,000
Correct Answer:
Verified
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