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Gwen Stefani makes the following charitable donations in the current year: 1. Inventory held for resale in Gwen Stefanis business (a sole proprietorship) Basis $

Gwen Stefani makes the following charitable donations in the current year:

1. Inventory held for resale in Gwen Stefanis business (a sole proprietorship)

Basis $ 8,000, Market Value $ 7,200

2. Stock in Driskoll, Inc., held as an investment (acquired two years ago)

Basis 16,000, Market Value 40,000

3. Coin collection held as an investment (acquired five years ago)

Basis 4,000, Market Value 20,000

The Driskoll stock and the inventory were given to Gwen Stefanis church, and the coin collection was given to the Salvation Army. Both donees promptly sold the property for the stated fair market value. Disregarding percentage limitations, Gwen Stefanis current charitable contribution deduction is:

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