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Mary donates a policy with a fair market value of $100,000 to a public charity. She had previously taken out a loan of $2,000 against
Mary donates a policy with a fair market value of $100,000 to a public charity. She had previously taken out a loan of $2,000 against the policy and never paid it back. What is the net deductible amount for her charitable gift? $0 $2,000 $98,000 $100,000 $102,000
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