Byron owned stock in Blossom Corporation that he donated to a museum (a qualified charitable organization) on
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Question:
Byron owned stock in Blossom Corporation that he donated to a museum (a qualified charitable organization) on June 8 this year. What is the amount of Byron's deduction assuming that he had purchased the stock for $10,500 last year on August 7, and the stock had a fair market value of $13,800 when he made the donation?
a. $3,300
b. $10,500
c. $12,150
d. $13,800
e. None of the above
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