Carly donated inventory (ordinary income property) to a church. She purchased the inventory last month for $100,000, and on the date of the gift, it had a fair market value of $92,000. What is her maximum charitable contribution deduction for the year related to this inventory if her AGI is $200,000?
A. $100,000.
B. $46,000 if the church sells the inventory.
C. $60,000.
D. $92,000.
E. None of the choices are correct.
Answer: D
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