Doris donated a diamond brooch recently appraised at $25,000 to her local church.Doris had purchased it many years ago for $10,000.The church sold the brooch to provide funding for church programming.Doris' AGI is $40,000.Doris will be able to take a charitable deduction of
A)$10,000.
B)$25,000.
C)$12,000.
D)$20,000.

Question

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The Answer of Doris donated a diamond brooch recently appraised at $25,000 to her local church.Doris had purchased it many years ago for $10,000.The church sold the brooch to provide funding for church programming.Doris' AGI is $40,000.Doris will be able to take a charitable deduction of
A)$10,000.
B)$25,000.
C)$12,000.
D)$20,000.

Doris Donated a Diamond Brooch Recently Appraised at $25,000 to Her