Question: Ronaldo contributed stock worth $ 4 0 , 0 0 0 to the Children's Protective Agency, a qualified public charity in 2 0 2 4

Ronaldo contributed stock worth $40,000 to the Children's Protective Agency, a qualified public charity in 2024. His AGI is $80,000. He originally purchased the stock five months ago for $30,000. He also had unused charitable deduction of $1,000 from the donation of cash in the previous year. What is his charitable deduction for 2024?
$30,000
$31,000
$40,000
$41,000
Ronaldo contributed stock worth $ 4 0 , 0 0 0 to

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