At the conclusion of a client meeting, your client says that they heard they can contribute mutual funds to a charitable organization in-kind versus in cash and deduct it on their return. Their AGI is $200,000. They said that they would like to make a $150,000 contribution of mutual funds they have held for several years. What is the maximum amount of mutual funds they could contribute to a public charity and include as an itemized deduction on their tax return this year?

Answer rating: 100% (QA)

The maximum amount of mutual funds that your client can contribute to a public charity and include a... View the full answer