Question 6 (8 points) In 2018, Squall donates stock with an FMV of $70,000 to a church (50% limit organization). He paid $55,000 for the stock 3 years ago. His AGI is $120,000 in 2018. Note that stock is intangible property and is not subject to the tangible personal property use-related rules. If he chooses NOT to make the basis election, how much of this contribution is deductible in 2018? $21,000 $36.000 $24,000 O $60,000