Option C. $3,000
Explanation: The market value added by the gallery = $4,500 - $1,500 =$3,000.
Caroline is an artist. She purchases canvases, paints, brushes, and accessories for $75. She sells one...
Gleim 6 Deductions from AGI [1] Which one of the following expenses does not qualify as a deductible medical expense? A. Cost of long-term care for a developmentally disabled person in a relative’s home. B. Special school for a deaf child to learn lip reading. C. Cost of elevator installed for individual who had heart bypass surgery (in excess of increase in value of individual’s home). D. Cost and care of guide dogs used by a blind person in his...