On December 1, 2017, Rebecca Ward, a single taxpayer, comes to you for tax advice. At the

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On December 1, 2017, Rebecca Ward, a single taxpayer, comes to you for tax advice. At the end of every year, she donates $5,000 to charity. She has no other itemized deductions. This year, she plans to make her charitable donation with stock. She presents you with the following information relating to her stock investments:FMV on Dec. 1 Adjusted Basis Date Purchased 5/22/12 9/10/13 Corporation Sycamore Oak Redwood 7,800 3,800 4,900 2,900 5,4

Which stock should Rebecca donate to charity? What other tax advice would you give her?

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Federal Taxation 2018 Comprehensive

ISBN: 9780134532387

31st Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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