Question
In 2019, Robert has AGI of $80,000 and contributes $10,000 of cash and long-term stock with a FMV of $35,000 and a basis of $8,000
In 2019, Robert has AGI of $80,000 and contributes $10,000 of cash and long-term stock with a FMV of $35,000 and a basis of $8,000 to a school. What amount may Robert deduct as a charitable contribution in 2019? (Robert does not make the reduced deduction election.)
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Data Analytics For Auditing Using ACL
Authors: Alvin A. Arens
4th Edition
0912503629, 978-0912503622
