A. Fred donated an original Guidry sculpture valued at $1,500,000 to the Glen (public charity). The Glen plans a to exhibit the sculpture in its galleries. Fred paid Guidry $150,000 31 years ago for the sculpture. Freds AGI is $180,000. Fred chooses to use the Special Election for contributions of long-term capital gain property. How much should he claim as a charitable donation on his itemized deductions this year?

• A. $450,000
• B. $90,000
• C. $54,000
• D. $150,000

B. Ray (age 81) donates his collection of antique bicycles to a public charity. Ray has accumulated the bicycle at a cost of $190,000 over the past 20 years. An independent appraiser estimates the collected to have a fair market value of $940,000. The public charity has no need for a collection of antique bicycles and plans to sell the bicycles to support its charitable operations. Sams AGI is $300,000. What amount of charitable donation can Sam deduct?

• A. $180,000
• B. $150,000
• C. $300,000
• D. $190,000