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Author Question: Hugh contributes a painting to a local museum for display. His AGI is $35,000. Hugh paid $16,000 for ... (Read 63 times)

haleyc112

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on: Sep 13, 2020

Question 1

Grace has AGI of $60,000 in 2015 and 2016. She makes cash contributions to public charities of $34,000 in 2015 and $31,000 in 2016. Grace's charitable contribution carryover to 2017 is
◦ $0.
◦ $1,000.
◦ $4,000.
◦ $5,000.

Question 2

Hugh contributes a painting to a local museum for display. His AGI is $35,000. Hugh paid $16,000 for the painting in 2000, but its market value at the date of the contribution is $22,000. If Hugh makes the election to maximize the current year deduction, his deductible contribution for this year will be
◦ $10,500.
◦ $16,000.
◦ $17,500.
◦ $22,000.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by haleyc112 on Sep 13, 2020

hramirez205

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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haleyc112

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

mammy1697

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Reply 3 on: Yesterday
Wow, this really help

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