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Someone you know wants to donate $4,000 to a qualified charity. They can either donate $4,000 in cash or they can donate stock that they
Someone you know wants to donate $4,000 to a qualified charity. They can either donate $4,000 in cash or they can donate stock that they purchased 3 years ago for $1,200 that is now worth $4,000. They do not expect the stock price to increase much more. As a tax expert, what advice would you give this person and why? (8 pts) (Ignore any AGI limitations on charitable contributions.)
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