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Malik has an adjusted gross income (AGI) of $150,000. He donated to the local church some stock valued at $90,000 that was purchased eight months

Malik has an adjusted gross income (AGI) of $150,000. He donated to the local church some stock valued at $90,000 that was purchased eight months ago. His basis in this stock was $80,000. 


What is Malik's maximum allowable charitable contribution for the current year? 

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