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Martin donated stock (capital gain property) to a public charity. He purchased the stock three years ago for $100,000, and on the date of the
Martin donated stock (capital gain property) to a public charity. He purchased the stock three years ago for $100,000, and on the date of the gift, it had a fair market value of $200,000. What is his maximum charitable contribution deduction for the year related to this stock if his AGI is $500,000?
Multiple Choice
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$100,000.
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$200,000.
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$150,000.
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$250,000.
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None of the choices are correct.
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