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Iris is planning to make a charitable contribution to her church of $70,000. She can either give $70,000 of cash, or stock worth $750,000 and
Iris is planning to make a charitable contribution to her church of $70,000. She can either give $70,000 of cash, or stock worth $750,000 and a basis of $10,000 and which she has held for 5 years. The donation of which property gives the better tax result? If Iris AGI was $125,000, what other considerations would she have to take into account?
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