1. 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. In 2021, 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.
1. Madeoff donated stock (
a. $100,000
b. $200,000
c. $150,000
d. $250,000
e. None of the choices are correct.
2. Madeoff donated stock (capital gain property) to a public charity. He purchased the stock three years ago for $100,400, and on the date of the gift, it had a fair market value of $200,800. What is his maximum charitable contribution deduction for the year related to this stock if his AGI is $502,000?
a. $100,400
b. $200,800
c. $150,600
d. $251,000
e. None of the choices are correct.
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