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

Answer rating: 100% (QA)

b 10500 RATIONALE If ordinary income property is contributed to a qualified ... View the full answer