Question: Show all work and table if needed Claire donated 200 shares of a private company's stock (held for five years) to her father's nonoperating private
Show all work and table if needed
Claire donated 200 shares of a private company's stock (held for five years) to her father's nonoperating private foundation this year. The stock was worth $15,000 but Claire's basis was only $4.000. Determine (1) the amount of Claire's charitable contribition, and (2) the amount of her charitable contribution and the maximum amount of her charitable deduction for the this year, assuming that Claire's AGI is $60,000 this year. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)
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