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Rodney is single and has adjusted gross income of $100,000. He qualifies to itemized deductions for the current tax year. Rodneys only charitable contribution this

Rodney is single and has adjusted gross income of $100,000. He qualifies to itemized deductions for the current tax year. Rodneys only charitable contribution this year is an antique car that he had owned for 30 years that had a fair market value of $50,000 and adjusted basis of $15,000. What is the amount of charitable contributions deductible on Rodneys current year income tax return?

  • $0
  • $15,000
  • $30,000
  • $50,000

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