#7

continued... 7. John contributed stock to his church in 2019. The stock was acquired in 1993 for $22,600 and had a FMV of $30,000. John has a contribution base of $50,000 An election is properly made under IRC 170(b)(1)(C)(ii). 7. Compute John's 2019 contribution deduction o a. S15,000 ob. $22,600 OG $25,000 od. $30,000 Objective F-2-1 continued