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Ira Cook is planning to make a charitable contribution of Crystal Inc. Stock worth 20,000 to Boy Scouts. The stock has adjusted basis of 15,000.
Ira Cook is planning to make a charitable contribution of Crystal Inc. Stock worth 20,000 to Boy Scouts. The stock has adjusted basis of 15,000. A friend has suggested that Ira sell the stock and contribute the 20,000 in proceeds rather than contribute the stock. c)Rather than make a charitable contribution to the Boy Scouts, Ira is going to make a gift to Nancy, his niece. Advise Ira if he should follow his friends advice
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