1. TP has AGI in 2022 of $100,000. In that year, he contributed stock he has...
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1. TP has AGI in 2022 of $100,000. In that year, he contributed stock he has held as an investment since 2012 to Tan organization, a 501(c)(7) tax exempt organization. He purchased the stock for $10,000 and it is worth $65,000 at the time of his contribution. Assuming this to be his only charitable contribution for the year, his 2022 charitable contribution deduction is: a. b. C. d. $30,000 $65,000 0 $60,000 1. TP has AGI in 2022 of $100,000. In that year, he contributed stock he has held as an investment since 2012 to Tan organization, a 501(c)(7) tax exempt organization. He purchased the stock for $10,000 and it is worth $65,000 at the time of his contribution. Assuming this to be his only charitable contribution for the year, his 2022 charitable contribution deduction is: a. b. C. d. $30,000 $65,000 0 $60,000
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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