Madeoff donated stock (capital gain property) to a public charity. He purchased the stock three...
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Accounting
Madeoff donated stock (capital gain property) to a public charity. He purchased the stock three years ago for $100,000, and on the date of the gift, it had a fair market value of $200,000. What is his maximum charitable contribution deduction for the year related to this stock if his AGI is $500,000?
*
a) $100,000
b) $200,000
c) $150,000
d) $250,000
e) None of the choices are correct
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