Donna donates stock in Chipper Corporation to the American Red Cross on September $10,2023.$ She purchased

the stock for $$21,000$ on December $28,2022,$ and it had a fair market value of $$30,000$ when she made the

donation.

a$.$ What is Donna's charitable contribution deduction?

The stock is treated as $,$ property and Donna's charitable contribution deduction is $

for tax purposes.

b$.$ Assume instead that the stock had a fair market value of $$18,000($rather than $$30,000)$ when it was

donated to the American Red Cross. What is Donna's charitable contribution deduction?

$

c$.$ What documentation should you request from Donna to confirm the amount of her charitable contribution

deduction?

Donna needs to have documentation that the stock

$$ donated, the date and the value at that

date. In addition, because the donation is over $$250,$ she must have a contemporaneous written

acknowledgment from the charity.