Carly donated inventory (ordinary income property)to a church. She purchased the inventory last month for $100,000, and on the date of the gift, it had a fair market value of $92,000. What is her maximum charitable contribution deduction for the year related to this inventory if her AGI is $200,000?
A)$100,000
B)$92,000
C)$60,000
D)$46,000 if the church sells the inventory
E)None of the choices are correct.

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The Answer of Carly donated inventory (ordinary income property)to a church. She purchased the inventory last month for $100,000, and on the date of the gift, it had a fair market value of $92,000. What is her maximum charitable contribution deduction for the year related to this inventory if her AGI is $200,000?
A)$100,000
B)$92,000
C)$60,000
D)$46,000 if the church sells the inventory
E)None of the choices are correct.

Carly Donated Inventory (Ordinary Income Property)to a Church