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In the current year, Tommy decided to donate his office paintings. Tommy's paintings have a fair market value amounting to $25,000 and have an adjusted

In the current year, Tommy decided to donate his office paintings. Tommy's paintings have a fair market value amounting to $25,000 and have an adjusted basis of $20,000. Although the donee realizes that donated (gifted) paintings have increased in value, he decides to sell them and finds a suitable buyer who took them for $18,000. What is the donee's loss on the sale of the property

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