In 2015, Harold bought land for $70,000 that was held as an investment. In 2020, he contributed the land to UNC Charlotte to be used for a soccer field. The land had a value of $80,000 on the contribution date, and Harold's AGI was $200,000. Unfortunately, Harold passed away on January 3, 2021. What is the maximum charitable contribution deduction that may be deducted on the tax return for 2020?

$60,000

$52,000

$70,000

$100,000

$80,000