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Tax year 2023, please show work Ronnie is considering making the following charitable contributions: Option 1: stock held for 2 years (basis $18,000, FMV $18,000

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Tax year 2023, please show work

Ronnie is considering making the following charitable contributions: Option 1: stock held for 2 years (basis $18,000, FMV $18,000 ) Option 2: stock held for 3 years (basis $17,000, FMV $18,000 ) Option 3: stock held for 5 months (basis $18,000, FMV $19,000 ) Option 4: cash of $18,000 (a) What would be the worst option for Ronnie to choose for the charitable contribution? Please circle the correct response. Option 1 Option 2 Option 3 Option 4 (b) What would be the best option for Ronnie to choose for the charitable contribution? Please circle the correct response. Option 1 Option 2 Option 3 Option 4

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