A. Nick made a gift of $300,000 in Tesla stock to Harvard. Nick purchased the stock 10 years ago for $5,000. Nick has AGI of $200,000 for the current tax year. Nick chose not to use the Special Election on available for contributions of long-term capital gain property. How much should he claim as a charitable donation on his itemized deductions this year?

• A. $300,000
• B. $180,000
• C. $60,000
• D. $200,000

B.Eirn, contributed $60,000 of cash and $21,000 of long term capital gain stock (basis of $3,000) to the Easter Seals (a public charity). Erin's AGI is $140,000. Erin chose not to use the Special Election on available for contributions of long term capital gain property. How much should he claim as a charitable donation on his itemized deductions this year?

• A. $81,000
• B. $70,000
• C. $84,000
• D. $42,000