Collin pledged a $5,000 gift to his church for its building fund. He has 125 shares of
Question:
Collin pledged a $5,000 gift to his church for its building fund. He has 125 shares of stock that he purchased six years ago for $100 per share. It is currently worth
$40 per share. Collin wants to give the stock to the church to satisfy his pledge.
What advice do you have for Collin?
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Related Book For 
Taxation For Decision Makers 2008
ISBN: 9780324654110
2nd Edition
Authors: Shirley Dennis-Escoffier, Karen A. Fortin
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