Simone donated a landscape painting (tangible capital gain property) to a library, a public charity. She purchased the painting five years ago for $50,400, and on the date of the gift, it had a fair market value of $200,400. What is her maximum charitable contribution deduction for the year if her AGI is $300,400 (before considering the itemized deduction phase-out)?

$100,200.

$200,400.

$90,120 if the library uses the painting for its charitable purpose.

$150,200.

None of these.