In 2020, Darcy Made the Following Charitable Contributions

question 58

Essay

In 2020, Darcy made the following charitable contributions:
Determine the maximum amount of charitable deduction for Darcy's contribution of the painting if her AGI is $80,000 this year. You may assume that both the stock and painting have been owned for 10 years and that the painting was used by the State Art Museumin a manner consistent withthe museum's charitable purpose.

---

Definitions:

Plating Copper

A process used to coat a surface with a thin layer of copper, often for improving electrical conductivity or for aesthetic purposes.

Poisonous Solid

A solid substance that is harmful or lethal to living organisms when ingested, inhaled, or absorbed.

Copper Electroplating

A process of coating objects with a thin layer of copper by using an electric current to reduce dissolved copper ions onto an electrically conductive surface.

Copper Sulfate

A chemical compound formed by combining copper, sulfur, and oxygen (CuSO4).