Question: rax Drill - Charitable Contribution - Stock Ponna donates stock in Chipper Corporation to the American Red Cross on September 1 0 , 2 0

rax Drill - Charitable Contribution-Stock
Ponna donates stock in Chipper Corporation to the American Red Cross on September 10,2024. She purchased the stock for $18,100 on December 28,2023, and it had a fair market value of $27,000 when she made the donation.
a. The stock is treated as property and Donna's charitable contribution deduction is : for tax purposes.
b. Assume instead that the stock had a fair market value of $15,000(rather than $27,000) when it was donated to the American Red Cross. Donna's charitable contribution deduction would be $ for tax purposes.
rax Drill - Charitable Contribution - Stock Ponna

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