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QUESTION 11 Patricia had AGI of $120,000 in 2017. She donated Bronze Corporation stock with a basis of $35,000 to a qualified charitable organization on
QUESTION 11 Patricia had AGI of $120,000 in 2017. She donated Bronze Corporation stock with a basis of $35,000 to a qualified charitable organization on July 5, 2017. What is the amount of Patricia's deduction, assuming that she purchased the stock on December 03, 2016, and the stock had a FMV of $65,000 when the donation was made? Assume the limitation amounts are 50%, 30%, or 20%. a. $65,000 O b. $60,000 O c. $36,000 O d. $35,000 Oe. None of the above
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