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Kassidy has owned stock for three years and is looking to donate it to her favorite animal shelter ( a public charity ) . The

Kassidy has owned stock for three years and is looking to donate it to her favorite animal shelter (a public charity). The stock's FMV is $42,000 and she has a $40,000 basis in the stock. Kassidy's adjusted gross income (AGI) is $90,000, she itemizes deductions and she wants to maximize current year deductions.
What is her income tax charitable deduction and any carry-forward this year?

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