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Claire donated 220 publicly-traded shares of stock (held for 5 years) to her father's nonoperating private foundation this year. The stock was worth $15,080 but
Claire donated 220 publicly-traded shares of stock (held for 5 years) to her father's nonoperating private foundation this year. The stock was worth $15,080 but Claire's basis was only $4,080. Determine the maximum amount of charitable deduction for the donation if Claire's AGI is $60,800 this year.
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