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o him ays ed to the 52. Tommy gives a painting to a church and takes a charitable contribution deduction in the amount of $50,000.

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o him ays ed to the 52. Tommy gives a painting to a church and takes a charitable contribution deduction in the amount of $50,000. If the actual value was only $20,000 and if the tax underpayment is $12,000, how much valuation overstatement penalty should he pay? er

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