During the current year, Ralph made the following contributions to the University of Oregon (a qualified charitable organization) :
Ralph acquired the stock in Raptor as an investment 14 months ago at a cost of $42,000.Ralph's AGI for the year is $189,000.What is his charitable contribution deduction for the current year?
A) $56,700
B) $63,000
C) $94,500
D) $157,500
E) None of these
Correct Answer:
Verified
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