During the current year, John Tiller gave to a local nonprofit hospital $15,000 in cash...

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Accounting

During the current year, John Tiller gave to a local nonprofit hospital $15,000 in cash and his rare grand piano that was
appraised at $50,000. He reserved the right to the piano's use and possession during his lifetime. For the current year, he
reported an adjusted gross income of $80,000. If Tiller itemizes his deductions, what portion of these contributions is
deductible in the current year?
A. $65,000
B. $15,000
C. $40,000
D. $0
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