Cindy Byrd donated stock (capital gain property) to a public charity that she has long supported. She
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Cindy Byrd donated stock (capital gain property) to a public charity that she has long supported. She purchased the stock 4 years ago for $100,000, and on the date of the gift, it had a fair market value of $300,000. What is her maximum charitable contribution deduction for the year on this contribution of stock if her AGI is $500,000?
a. $90,000.
b. $100,000.
c. $150,000.
d. $300,000.
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Related Book For
Fundamentals Of Taxation 2019
ISBN: 9781260158670
12th Edition
Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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