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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 $36,500. The museum displayed this vase in the art gallery. a. Assume that Adrian's AGI is $72,500, and her basis in the vase is $16,500. How much may Adrian deduct? b. How would your answer to Part a change if, instead of displaying the vase, the museum sold the vase to an antique dealer? Charitable contribution deduction
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