Claire donated 220 publicly-traded shares of stock (held for 5 years) to her father's nonoperating private foundation
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Question:
Claire donated 220 publicly-traded shares of stock (held for 5 years) to her father's nonoperating private foundation this year. The stock was worth $15,020 but Claire's basis was only $4,020. Determine the maximum amount of charitable deduction for the donation if Claire's AGI is $60,200 this year.
Related Book For
College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
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