Ms. Bjorn's only contribution this year was a donation of marketable securities (FMV $600,000; tax basis $273,000) to a public charity. Her AGI was $814,000. Which of the following statements is true?

		Ms. Bjorn's charitable contribution deduction is limited to $407,000, and she has a $193,000 contribution carryover to future years.
		Ms. Bjorn's charitable contribution deduction is $273,000.
		Ms. Bjorn's charitable contribution deduction is limited to $407,000. The $193,000 nondeductible amount will never result in a tax benefit.
		Ms. Bjorn's charitable contribution deduction is $600,000.