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Simone donated a landscape painting (tangible capital gain property) to a library, a public charity. She purchased the painting five years ago for $62,000, and

Simone donated a landscape painting (tangible capital gain property) to a library, a public charity. She purchased the painting five years ago for $62,000, and on the date of the gift, it had a fair market value of $212,000. What is her maximum charitable contribution deduction for the year if her AGI is $301,200?

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