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Adrian contributed an antique vase she had owned for 25 years to a museum. At the time of the donation, the vase had a value
Adrian contributed an antique vase she had owned for 25 years to a museum. At the time of the donation, the vase had a value of $39,000. The museum displayed this vase in the art gallery.
- Assume that Adrian's AGI is $77,500, and her basis in the vase is $19,000. How much may Adrian deduct?
- How would your answer change toPart Aif, instead of displaying the vase, the museum sold the vase to an antique dealer?
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Computer Accounting With QuickBooks Online
Authors: Donna Kay
2nd Edition
1260888061, 9781260888065
