Business, 17.03.2020 04:58 1Angel2Got3Brains

Adrian contributed an antique vase she had owned for 25 years to a museum. At the time of the donation, the vase had a value of $35,000. The museum displayed this vase in the art gallery. Assume that Adrian’s AGI is $80,000, and her basis in the vase is $15,000. How much may Adrian deduct? How would your answer to Part a change if, instead of displaying the vase, the museum sold the vase to an antique dealer?

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Adrian contributed an antique vase she had owned for 25 years to a museum. At the time of the donati...