Question
dr. mike medical corporation has held stock that cost $200,000 as an investment in mr.bee;s general store a publicly held company(ISSUER) FOR SIX YEARS. THIS
dr. mike medical corporation has held stock that cost $200,000 as an investment in mr.bee;s general store a publicly held company(ISSUER) FOR SIX YEARS. THIS YEAR MIKE DONATED THE STOCK TO SULLEY'S A PRIVATE NONOPERATING FOUNDATION DEDICATED TO PRESERVING THE HABITAT OF COLORADO NATIVE AMERICANS. AT THE DATE OF DONATION THE MARKET PRICE OF THE STOCK WAS 275,000. ALSO DONATION TO HANK SALOON A PUBLICLY HELD CORPORATION IN ST LOUIS. THE STOCK WAS PURCHASED FOR 10,000 4 YEARS AGO AND HAS AND FMV OF 8000 AT THE TIME IT WAS DONATED TO THE ST LOUIS ARCH SOCIETY. THE SOCIETY WILL SELL THE STOCK TO RAISE FUNDS TO EXPAND THE MUSEUM OF WESTWARD EXPANSION. THE ALLOWABLE CONTRIBUTION, BEFOR ANY LIMITATION WILL BE
208,000
210,000
283,000
285,000
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