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Rosie owned stock in Acme Corporation that she donated to a university (a qualified charitable organization) on September 6, 2017. What is the amount of
Rosie owned stock in Acme Corporation that she donated to a university (a qualified charitable organization) on September 6, 2017. What is the amount of Rosie's charitable contribution deduction assuming that she had purchased the stock for $23,500 on October 22, 2014, and the stock had a value of $32,100 when she made the donation and Rosie made a Reduce Deduction Election? Also assume that her 2017 AGI is $46,000. (Assume limitations is either 20%, 30%, or 50%) a. $13,800 b. $23,000 O c. $23,500 Od. $32,100 e. None of the above
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