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Christopher owned stock in Thyme Corporation that he donated to a university (a qualified charitable organization) on December 30, 2017. What is the amount of
Christopher owned stock in Thyme Corporation that he donated to a university (a qualified charitable organization) on December 30, 2017. What is the amount of Christophers deduction assuming that he had purchased the stock for $22,000 on January 3, 2014, and the stock had a fair market value of $58,000 when he made the donation? Christophers AGI is $150,000. (Assume the limitations are 20%, 30%, and 50%)
a. | $0 | |
b. | $22,000 | |
c. | $45,000 | |
d. | $58,000 | |
e. | None of the above |
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