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On December 1, 2022, Dawn, a single taxpayer, comes to you for tax advice. At the end of every year, she donates $5,000 to charity.

On December 1, 2022, Dawn, a single taxpayer, comes to you for tax advice. At the end of every year, she donates $5,000 to charity. She has no other itemized deductions. This year, she plans to make her charitable donation with stock. She presents you with the following information relating to her stock investments:

Corporation

FMV on Dec. 1

Adjusted Basis

Date Purchased

Sycamore

9,600

7,800

5/22/16

Oak

2,900

3,800

9/10/17

Redwood

5,400

4,900

6/15/21

Which stock should Dawn donate to charity? What other tax advice would you give her?

Please follow Federal Taxation 2023 rules.

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