Question
In 2017, Roseanne makes the following donations to qualified charitable organizations: Basis Fair Market Value Inventory held for resale in Roseannes business (a sole proprietorship)
In 2017, Roseanne makes the following donations to qualified charitable organizations:
|
| Basis | Fair Market Value |
| Inventory held for resale in Roseannes business (a sole proprietorship) |
$4,500 |
$ 5,600 |
| Stock in ABC, Inc. held as an investment (acquired two years ago) |
12,000 |
18,000 |
| Comic book collection held as an investment (acquired six years ago) |
4,500 |
8,000 |
The ABC stock and the inventory were given to Roseannes church, and the comic book collection was given to the United Way. Both donees promptly sold the property for the stated fair market value. Disregarding percentage limitations, Roseannes charitable contribution deduction for 2017 is:
| a. | $31,600 | |
| b. | $21,000 | |
| c. | $30,500 | |
| d. | $22,100 | |
| e. | None of the above |
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