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A C-Corporation donates stock in another corporation to a museum for the museum's use in their exempt purpose. Any other requirements? a. the charity must
A C-Corporation donates stock in another corporation to a museum for the museum's use in their exempt purpose. Any other requirements? a. the charity must use for two years in its exempt purpose or the corporation will have to amend their return to go back to cost basis deduction b. none, the corporation would get a deduction of the fair market value of the stock c. none, the corporation would get a deduction of their cost basis of the stock d. the charity must agree to hold for two years for the corporation to get the fair market value deduction e C-corporations are not allowed charitable contributions
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