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b . $ 2 5 , 0 0 0 Ordinary Loss c . $ 9 , 0 0 0 Capital Loss d . $ 7

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b. $25,000 Ordinary Loss
c. $9,000 Capital Loss
d. $75,000 Ordinary Loss
e. None of above
29. How much stock contribution may the Josephs deduct assuming no election?
a. $55,000
b. $40,000
c. $31,500
d. $27,500
e. $-0-
30. Assuming the Josephs no cash contribution to their church, and the FMV of the stock was $75,000, what is the amount of their 2019 deduction?
a. $75,000
b. $37,500
c. $31,500
d. $52,500
e. None of the above
8
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