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Question 43 of 50. Robert transferred publicly-traded stock valued at $130,000 to the Museum of Science for $65,000 cash. Robert's basis in the stock is

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Question 43 of 50. Robert transferred publicly-traded stock valued at $130,000 to the Museum of Science for $65,000 cash. Robert's basis in the stock is $15,000 and he had held the stock for more than a year. This is his only gift for the year. Which of the following is correct? O Robert may claim a charitable contribution of $65,000 on hisi O Robert is not required to report the gift on Form 709. O Robert must report capital gain on his income tax return of $57,500 ($65,000 cash received-$7,500 allocable basis). O All of the above. Mark for follow up

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