Ramon had AGI of $180,000 in 2013. He contributed stock in Charlton, Inc. (a publicly traded corporation),
Question:
a. Assuming that Ramon carries over any disallowed contribution from 2013 to future years, what is the total amount he can deduct as a charitable contribution?
b. What is the maximum amount Ramon can deduct as a charitable contribution in 2013?
c. What factors should Ramon consider in deciding how to treat the contribution for Federal income tax purposes?
d. Assume that Ramon dies in December 2013. What advice would you give the executor of his estate with regard to possible elections that can be made relative to the contribution?
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Related Book For
South Western Federal Taxation 2014 Comprehensive Volume
ISBN: 9781285180922
37th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
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