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Maria purchased $30,000 in stock on May 10, 2020. Later in 2020, she decided to donate her stock to her church. On the date of
Maria purchased $30,000 in stock on May 10, 2020. Later in 2020, she decided to donate her stock to her church. On the date of her donation, the fair market value of the stock was $59,801. The church sells the stock four months later when it is worth $47,528. Maria has an AGI of $75,000. How much of a tax deduction can she tax on her tax return?
None of these amounts.
$47,528
$30,000
$59,801
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