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Kearney Kramer donated to his church stock which he had held for five months. The stock had a fair market value of $1,000 at the

Kearney Kramer donated to his church stock which he had held for five months. The stock had a fair market value of $1,000 at the time of the gift, but had only cost Kearney $700. What is the amount deductible as a charitable contribution?

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