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Kylie had AGI of $100,000 in 2022. She donated Tanner Corporation stock with a basis of $8,500 to a qualified charitable organization on July 5,
Kylie had AGI of $100,000 in 2022. She donated Tanner Corporation stock with a basis of $8,500 to a qualified charitable organization on July 5, 2022.
- What is the amount of Kylie's deduction, assuming that she purchased the stock on December 4, 2021, and that the stock had a fair market value of $ 15,000 when she made the donation?
- Assume the same facts as in a. except that Kylie purchased the stock on July 1, 2011.
- Assume the same facts as in a. except that the stock had a fair market value of $6,000 (rather than $15,000) when Kylie donated it to the charity.
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