Question
3. Kylie had AGI of $100,000 in 2022. She donated Tanner Corporation stock with a basis of $8,500 to a qualified charitable organization on July
3. Kylie had AGI of $100,000 in 2022. She donated Tanner Corporation stock with a basis of $8,500 to a qualified charitable organization on July 5, 2022.
a. What is the amount of Kylies deduction, assuming that she purchased the stock on December 4, 2021, andthat the stock had a fair market value of $15,000 when she made the donation?
b. Assume the same facts as in a. except that Kylie purchased the stock on July 1, 2011.
c. Assume the same facts as in a. except that the stock had a fair market value of $6,000 (rather than$15,000) when Kylie donated it to the charity.
PLEASE SHOW WORK. THANK YOU!
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