Mel made the following donations to charity during the year: The used clothing was donated to the Salvation Army; the other items of property were donated to a Methodist Church seminary.

	Basis	Fair Market Value
Used clothing of taxpayer and his family	$ 900	$ 300
Stock in IBM held as an investment for 13 months	5,000	7,000
Stock in Microsoft held as an investment for 9 months	9,000	10,000
Real estate held as an investment for 6 years	10,000	25,000

Disregarding percentage limitations, Mel's charitable contribution deduction for the year is:

		$43,300.
		$42,900.
		$41,300.
		$26,300.
		None of the above.