Question $5$

$1$ pts

Carol contributes a painting to a local museum for display. Her AGI is $$80,000.$ Carol paid $$39,000$ for the painting in $2006,$ but its market value at the date of the contribution is $$41,000.$ With no special elections, what is Carol's deductible contribution this year?

$$14,000$

$$24,000$

$$39,000$

$$41,000$