TB MC Qu$.07-32($Static$)$ When taxpayers donate cash and capital gain...

When taxpayers donate cash and capital gain property to a public charity, the AGI percentage limitation is applied in the following order in $2024$:

donations to public charities are not subject to AGI limitations$.$

a $30$ percent of AGI limitation is applied to the cash donation and a $20$ percent of AGI Iimitation is applied to the falir market value of the capital gain donation.

there is a $60$ percent of AGI limit applied to the cash donation and a $20$ percent of AGI limitation is applied to the falr market value of the capital gain donation.

a $30$ percent of AGI limitation is applied to the aggregate donation.