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Your client Jane would like to gift $25,000 to her college. Her assets include $100,000 of excess cash and $100,000 of Berkshire Hathaway stock that
- Your client Jane would like to gift $25,000 to her college. Her assets include $100,000 of excess cash and $100,000 of Berkshire Hathaway stock that has a cost basis of $20,000. Jane's annual income (AGI) is $500,000. Should she use cash or stock to fund the charitable gift? Explain your reasoning.
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South Western Federal Taxation 2017 Comprehensive
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
40th Edition
1305874161, 978-1305874169
