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Elizabeth has a collection of rare books that she purchased 10 years ago for $11,600 and are now worth $21,100. In the current year, Elizabeth

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Elizabeth has a collection of rare books that she purchased 10 years ago for $11,600 and are now worth $21,100. In the current year, Elizabeth contributes the books to the Harold Washington Library in Chicago. Assume Elizabeth has an AGI of $98,000. (a) If the library uses the books for its intended purpose, what is Elizabeth's charitable contribution deduction? Deduction $

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