Your client donated their Shell stock to their church. The stock, which was

purchased 10 months ago, had a FMV of $55,000 and a cost basis of

$48,000. What is the maximum value of the deduction and what is the AGI

threshold that it is subject to?

A. Maximum Deduction: $48,000 AGI Limit: 30%

B. Maximum Deduction: $48,000 AGI Limit: 50%

C. Maximum Deduction: $55,000, AGI Limit: 30%

D. Maximum Deduction: $55,000 AGI Limit: 50%