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Ralph Reeves gave some stock that he owned to charity. The stock had a FMV of $40,000 and a basis of $32,000. His adjusted gross

Ralph Reeves gave some stock that he owned to charity. The stock had a FMV of $40,000 and a basis of $32,000. His adjusted gross income is $100,000. Determine the allowed charitable contribution deduction and carryover under the following assumptions:

  1. Given to a public charity, no election
  2. Given to a public charity, elects the reduced contribution election
  3. Given to private charity
  4. Qualified appreciated stock given to private charity

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