1. 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. In 2021**, 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.

2. Carly donated inventory (ordinary income property) to a church. She purchased the inventory last month for $100,700, and on the date of the gift, it had a fair market value of $92,350. In 2021**, what is her maximum charitable contribution deduction for the year related to this inventory if her AGI is $200,350?

a. $100,700

b. $92,350

c. $60,420

e. $46,175 if the church sells the inventory

d. None of the choices are correct.