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Tyler Meade is planning to make a charitable contribution to the Giri Scouts. He will contribute Crystal, inc. stock worth $20,000. The stock has an

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Tyler Meade is planning to make a charitable contribution to the Giri Scouts. He will contribute Crystal, inc. stock worth $20,000. The stock has an adjusted basis of $15,000. A friend has suggested that Tyler sell the stock and contribute the $20,000 in proceeds rather than contribute the stock. a. Complete the statements below regarding whether Tyler should follow the friend's advice. (You may ignore any consideration of limitations to charitable contributions.) the stock would result in a of 5 Contributing the stock to the Girl Scouts will result in a contribution valued at $ if the holding period is long-term and s if the holding period is short term. Therefore, Tyler follow the friend's advice. b. Assume that the fair market value is only $13,000. Complete the statement below regarding the tax consequences to Tyler of following. the friend's advice. If Tyler follows the friend's advice, he will recognize a of 4 In addition, his charitable contribution would be 1 Therefore, Tyler follow the friend's advice. c. Tyler is considering giving the stock to his niece, Melissa, instead of the Girl Scouts. Complete the statements below regarding the possible tax consequency's to Tyler. If the stock has a fair market value of $20,000 and the adjusted basis of the stock is $15,000, Tyler should give his niece If the fair market value of the stock is $13,000, Tyler should give his niece The critical variable is

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