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Donna donates stock in Chipper Corporation to the American Red Cross on September 10, 2021. She purchased the stock for
Posted: Sun Jun 05, 2022 7:05 pm
by answerhappygod
- Donna Donates Stock In Chipper Corporation To The American Red Cross On September 10 2021 She Purchased The Stock For 1 (308.98 KiB) Viewed 51 times
Donna donates stock in Chipper Corporation to the American Red Cross on September 10, 2021. She purchased the stock for $23,100 on December 28, 2020, and it had a fair market value of $33,000 when she made the donation. a. What is Donna's charitable contribution deduction? The stock is treated as property and Donna's charitable contribution deduction is $ for tax purposes. b. Assume instead that the stock had a fair market value of $19,800 (rather than $33,000) when it was donated to the American Red Cross. What is Donna's charitable contribution deduction? $