Question
Ray Ray made the following contributions this year. Charity Property Cost FMV United Way Cash 9,934 9,934 American Heart Association Pepsi stock 11,243 12,711 First
| Ray Ray made the following contributions this year.
American Heart Association plans to sell the stock to fund its operations. First Methodist Church intends to display the antique painting. Ray Ray has owned the painting and Coca-Cola stock since 1990. What is the maximum amount of charitable deduction for each of these contributions ignoring the AGI ceiling on charitable contributions? Please explain how you got each number in your solution and/or where the number comes from. | ||||||||||||||||||||||||||
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Taxation Of Individuals And Business Entities 2015
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
6th Edition
978-1259206955, 1259206955, 77862368, 978-0077862367
