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S Deductions For and From AGI 27. Barbara d onates a painting that she purchased three years ago for $8,000, to a university for display
S Deductions For and From AGI 27. Barbara d onates a painting that she purchased three years ago for $8,000, to a university for display in the president's office. The fair on the date of the gift i market value of the painting s $14,000. If Barbara had sold the painting, the difference m ca between the sales price and her cost would have been a long te a. How muc h is Barbara's charitable contribution deduction for this donation? b. Explain
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