Question

Help Center (Ch.6&7) Help Seve & Ext Sube Claire donated 230 publicly traded shares of stock (held for 5 years) to her father's nonoperating private foundation this year. The stock was worth $15160 but Claire's basis was only $4,160. Determine the maximum amount of charitable deduction for the donation if Claire's AGUS $61,600 this year

Answer 1

Solution ang term capttal gain propewty The publie traded hares a peratve prvade undaton and t has been donated to nen So the matmum denatHon lmited 20/. S0 G1600 X20%= la320 Can take deducton th Year we taryfer to net Ya Amd the emaintng 1516D 320R840 We can