Ronnie is considering making the following charitable contributions:

Option 1: stock held for 3 months (basis $16,000, FMV $17,000)

Option 2: cash of $17,000

Option 3: stock held for 3 years (basis $16,000, FMV $15,000)

Option 4: stock held for 5 years (basis $15,000, FMV $17,000)

(a) What would be the worst option for Ronnie to choose for the charitable contribution? Please circle one. Option 1 Option 2 Option 3 Option 4

(b) What is the amount of the deduction?