101 Charity intended to sell the asset and use the proceeds for charitable purposes. taxa QB retu 45. La 41. Ralph Reeves gave some stock that he owned to charity. The stock had a FMV of $40,000 and a basis of $32,000. His adjusted gross income is $100,000. Determine the allowed charitable contribution deduction and TO carryover under the following assumptions: a. Given to a public charity, no election T b . Given to a public charity, elects the e reduced contribution election c. Given to private charity 12 d. Qualified appreciated stock given to bel) or private charity D 46. honch house