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Nancy donated antique desk

Nancy donated an antique desk to her church that she paid $800 for six years ago. An appraisal indicates the current fair market value of the desk is $1,000. The church donated the desk to a family whose home was destroyed in a fire. As a result, Nancy will be able to deduct $ for her contribution

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Answer #1

800, it's the lowest of the fair market or paid.

answered by: olessia silakova
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