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In 2022, Red Corp., a C corporation, donated shares of stock to a qualified charitable organization. The shares had a fair market value of

In 2022, Red Corp., a C corporation, donated shares of stock to a qualified charitable organization. The shares had a fair ma 

In 2022, Red Corp., a C corporation, donated shares of stock to a qualified charitable organization. The shares had a fair market value of $20,000 and an adjusted basis of $100,000. Before any charitable contribution deduction, Red Corp. will have taxable income of $2,000,000 (no DRD and no loss carryovers) in 2022. What is the amount of Red Corp!'s 2022 charitable contribution deduction? What might Red Corp. want to consider instead of donating the shares of stock to charity?

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