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During the current year, Harper donates stock worth $48,500 to her local community college. Two years ago the stock cost Harper $36,000. Her AGI for
During the current year, Harper donates stock worth $48,500 to her local community college. Two years ago the stock cost Harper $36,000. Her AGI for the current year is $60,000. Beginning next year, the bulk of her income will be from tax-exempt municipal securities. Thus, she is not interested in any carryover of excess charitable contribution. Requirement What is the maximum charitable contribution deduction Harper may take this year? The maximum charitable contribution deduction Harper may take this year is
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