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Maria is looking to donate one of the following items to charity in the current year: 1.Shares of Disney stock worth $100,000. Maria purchased the
Maria is looking to donateoneof the following items to charity in the current year:
1.Shares of Disney stock worth $100,000. Maria purchased the shares years ago for $200,000.
2. Shares of Clorox stock worth $100,000. Maria purchased the shares years ago for $20,000.
Which of the following is most accurate?
Multiple Choice
- From a tax perspective, Maria should donate the Clorox shares because they would result in a higher tax deduction than the Disney shares.
- From a tax perspective, Maria should donate the Disney shares because they would result in a higher tax deduction than the Clorox shares.
- From a tax perspective, Maria should donate the Clorox shares because she could avoid paying taxes on the gain built into these shares.
- From a tax perspective, Maria should donate the Disney shares because she purchased them for $200,000.
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