Mr and Mrs Bryan gave a valuable painting worth $65,000 to their favorite charity. The charity sold the painting three weeks later. If the Bryans purchased the painting for $35,000, how much can they deduct from their taxable income for federal tax purposes?
A) $35,000
B) $10,000
C) $30,000
D) $0
E) $65,000
Correct Answer:
Verified
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