Solved: I paid $2100/00 for a piece of art at a charity event last year/ Can I deduct the $2100.00 as a charitable contributiom??

I paid $2100/00 for a piece of art at a charity event last year/ Can I deduct the $2100.00 as a charitable contributiom??

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No, you can deduct the amount that is more than the fair market value of the piece.

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No, you can deduct the amount that is more than the fair market value of the piece.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I paid $2100/00 for a piece of art at a charity event last year/ Can I deduct the $2100.00 as a charitable contributiom??