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. During the current year, Ralph made the following contributions to the University of Oregon (a qualified charitable organization): Cash$63,000 Stock in Raptor, Inc. (a
. During the current year, Ralph made the following contributions to the University of Oregon (a qualified charitable organization):
Cash$63,000
Stock in Raptor, Inc. (a publicly traded corporation)94,500
Ralph acquired the stock in Raptor, Inc., as an investment fourteen months ago at a cost of $42,000. Ralphs AGI for the year is $189,000. What is Ralphs charitable contribution deduction for the current year? How much will be carried forward and what percent of AGI for the next year will be applied as the limitation? Show your computations
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