Bjorn contributed a sculpture to the Minnesota Art Museum of St.Cloud,Minnesota.The sculpture,purchased six years ago,was worth $50,000 when donated,and Bjorn's basis was $10,000.If this sculpture is immediately sold by the museum and the proceeds are placed in the general fund,Bjorn's charitable contribution deduction is $50,000 (subject to percentage limitations).

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Bjorn's charitable contribution deduction would be limited to his basis of $10,000 because the museum sold the sculpture immediately, which means it was not used for a related use by the charity.

Bjorn Contributed a Sculpture to the Minnesota Art Museum of St.Cloud,Minnesota.The