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1. Dylan is a very charitable person. Her adjusted gross income in 2020 was $200,000. She wants to give $100,000 to the Cancer Society, a
1. Dylan is a very charitable person. Her adjusted gross income in 2020 was $200,000. She wants to give $100,000 to the Cancer Society, a qualified charity.in 2020. She can give either (a) 100,000 in cash, (b) securities that she has held for 3 years with a fair market value of $100,000 and a basis of $95.000 or 10 securities that she has held for 3 years with a fair market value of $100,000 and a basis of $145,000. Discuss the tax issues that Dylan must deal with respect to the donation of each of these assets. 1. Dylan is a very charitable person. Her adjusted gross income in 2020 was $200,000. She wants to give $100,000 to the Cancer Society, a qualified charity.in 2020. She can give either (a) 100,000 in cash, (b) securities that she has held for 3 years with a fair market value of $100,000 and a basis of $95.000 or 10 securities that she has held for 3 years with a fair market value of $100,000 and a basis of $145,000. Discuss the tax issues that Dylan must deal with respect to the donation of each of these assets
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