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Levi Cohen donated his personal use pickup truck to his church, a qualified charitable organization, in the current year. The truck cost Levi $18,000 when
Levi Cohen donated his personal use pickup truck to his church, a qualified charitable organization, in the current year. The truck cost Levi $18,000 when he bought it 10 years ago, and it was worth $750 at the time of the donation. The church later sold the truck for $450. If Levi itemizes deductions, what is the amount of his charitable contribution deduction for the pickup truck he donated to the church? A. $500 B. $450 C. $750 D. $18,000
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