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Claire donated 220 publicly traded shares of stock (held for five years) to her father's nonoperating private foundation this year. The stock was worth $15,150
Claire donated 220 publicly traded shares of stock (held for five years) to her father's nonoperating private foundation this year. The stock was worth $15,150 but Claire's basis was only $4,150. Determine the maximum amount of charitable deduction for the donation if Claire's AGI is $61,500 this year. Claire donated 220 publicly traded shares of stock (held for five years) to her father's nonoperating private foundation this year. The stock was worth $15,150 but Claire's basis was only $4,150. Determine the maximum amount of charitable deduction for the donation if Claire's AGI is $61,500 this year
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