In 2018, Squall donates stock with an FMV of $60,000 to a church (50% limit organization). He paid $40,000 for the stock 3 years ago. His AGI is $100,000 in 2018. Note that stock is intangible property and is not subject to the tangible personal property use-related rules.

a.If he chooses NOT to make the capital gain property election, how much of this contribution is deductible in 2018?

b.If he chooses to MAKE the capital gain property election, how much of this contribution is deductible in 2018?