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Lady GaGa donated stock ( capital gain property) TO A PUBLIC CHARITY THAT SHE HAS LONG SUPPORTED. SHE PURCHASED THE STOCK 4 YEARS AGO for
Lady GaGa donated stock ( capital gain property) TO A PUBLIC CHARITY THAT SHE HAS LONG SUPPORTED. SHE PURCHASED THE STOCK 4 YEARS AGO for $100,000, and on the date of the gift , it had a fair market value of $300,000. What is her maximum charitable contribution deduction for the year on this contribution of stock if her AGI is $500,000?
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