Scenario Recap: Samantha has an adjusted gross income (AGI) of $120,000. She plans to donate...

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Accounting

Scenario Recap: Samantha has an adjusted gross income (AGI) of $120,000. She plans to donate her rare art collection, with an adjusted basis of $400,000 and a current fair market value of $1,500,000, 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 $200,000 in a subsequent year, how much can she deduct that year, assuming she still has deductions remaining from the contribution?
$36,000
$0
$110,000
$60,000 or $100,000
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