16. A taxpayer donates land to his church. The taxpayer paid $55, 000 for the land several years ago. It is worth $75,000 at the time it was donated. This was the only charitable contribution the taxpayer made during the year. If the taxpayer's AGI is $100,000, which of the following could be an accurate statement regarding the taxpayer's charitable deduction for the land? a. The taxpayer deducts $50,000 in the current year and carries over $5,000 to the next tax year b. The taxpayer deducts $50,000 in the current year and carries over $25,000 to the next tax year. c. The taxpayer deducts $30,000 in the current year and carries over $25,000 to the next tax year. d. The taxpayer deducts $30,000 in the current year and carries over $45,000 to the next tax year e. Both a. and d. 17. A tornado damaged Angela's home. Prior to the storm, her living expenses were $1,200 a month. Angela had to move out of her home for three months while it was being fixed. During that time, her living expenses increased by $800 a month. The insurance company reimbursed Angela $1,000 a month during the three months to cover her living expenses. The amount that Angela must include in gross income is: a. $0. b. $2,400 C. $600. d. $3,000. None of the abov