Scenario Recap: Samantha has an adjusted gross income (AGI) of $120,000. She plans to donate...
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Scenario Recap: Samantha has an adjusted gross income AGI of $ She plans to donate her rare art collection, with an adjusted basis of $ and a current fair market value of $ to a local museum this year. The local museum is planning to use the art collection for one of their permanent art exhibitions. If Samantha's AGI increases to $ in a subsequent year, how much can she deduct that year, assuming she still has deductions remaining from the contribution? $ $ $ $ or $
Scenario Recap: Samantha has an adjusted gross income AGI of $ She plans to donate her rare art collection, with an adjusted basis of $ and a current fair market value of $ to a local museum this year. The local museum is planning to use the art collection for one of their permanent art exhibitions.
If Samantha's AGI increases to $ in a subsequent year, how much can she deduct that year, assuming she still has deductions remaining from the contribution?
$
$
$
$ or $
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