Can I deduct loss of basis for charitable donation?

[cathy]

If the basis of donated property to a Charity is more than the appraised value, can this be deducted elsewhere? Ex, paid $15,000 for antiques 10 yrs ago, donated to museum and reported appraised value of $10,000. Can the $5000 of lost basis be deducted?

[AmeliesUncle]

No.

Publication 526:

If you contribute property with a FMV that is less than your basis in it, your deduction is limited to its FMV. You can't claim a deduction for the difference between the property's basis and its FMV.

https://www.irs.gov/publications/p526#en_US_2022_publink1000229754 

[cathy]

Thank you, that is what I expected.  Appreciate your time to respond.