State University Red Cross State History Museue City Medical Center Cash Cash Antique painting Dell stock $ 17,600 15,800 5,260 54,000 FMV $ 17,600 15,800 92,400 43,000 uppose Dean is a dealer in antique paintings and had held the painting for sale before the contribution. What is Dean's cha tribution deduction for the painting in this situation (ignoring AGI limitation)?

Any capital asset when sold can give the seller a higher or lower price from its purchase price leading to a capital gain or capital loss. The time period of holding an asset is decided based on if it is a long term or short-term capital gain. On that ba…