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Your client purchased stock 6 months ago for $70,000. Since then, the stock has fluctuated in price. Now the client has decided to donate the
Your client purchased stock 6 months ago for $70,000. Since then, the stock has fluctuated in price. Now the client has decided to donate the stock to a charity committed to helping the environment. The FMV of the stock is $66,000. The clients AGI is $130,000. What is the clients charitable deduction in the current year?
Group of answer choices
$39,000
$65,000
$66,000
$70,000
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