Question: 3. Abu is considering making a substantial charitable donation to his favorite charity (Harvest for Hunger) in 2020. His projected AGI for 2020 is $150,000.

 3. Abu is considering making a substantial charitable donation to his

3. Abu is considering making a substantial charitable donation to his favorite charity (Harvest for Hunger) in 2020. His projected AGI for 2020 is $150,000. He has provided three possible donations. a. Sultan stock. The stock has FMV of $100,000 and was acquired 2 years ago for $140,000.. b. Cash of $100,000 C. Monet painting. The painting has FMV of $100,000. He acquired the painting 4 years ago for $10,000. It was a lucky find at a local garage sale! Evaluate each option indicating what the deduction on the 2020 return would be and what the carryover amount would be (if any). Include in your answer your recommendation to him on which item he should donate and why. (6 Points) 3. Abu is considering making a substantial charitable donation to his favorite charity (Harvest for Hunger) in 2020. His projected AGI for 2020 is $150,000. He has provided three possible donations. a. Sultan stock. The stock has FMV of $100,000 and was acquired 2 years ago for $140,000.. b. Cash of $100,000 C. Monet painting. The painting has FMV of $100,000. He acquired the painting 4 years ago for $10,000. It was a lucky find at a local garage sale! Evaluate each option indicating what the deduction on the 2020 return would be and what the carryover amount would be (if any). Include in your answer your recommendation to him on which item he should donate and why. (6 Points)

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