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a 49. Isabella contributes a painting to a local museum for display. Her AGI is...

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Accounting

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a 49. Isabella contributes a painting to a local museum for display. Her AGI is $60,000. Isabella paid $22,000 for the painting in 2006, but its market value at the date of the contribution is $25,000. With no special elections, Isabella's deductible contribution this year is A) $7,000. B) $18,000. C) $22,000. D) $25,000

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