Byron owned stock in Blossom Corporation that he donated to a museum (a qualified charitable organization) on June 8 this year. What is the amount of Byron's deduction assuming that he had purchased the stock for $10,500 last year on August 7, and the stock had a fair market value of $13,800 when he made the donation?
A) $3,300
B) $10,500
C) $12,150
D) $13,800
E) None of the above

Question

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The Answer of Byron owned stock in Blossom Corporation that he donated to a museum (a qualified charitable organization) on June 8 this year. What is the amount of Byron's deduction assuming that he had purchased the stock for $10,500 last year on August 7, and the stock had a fair market value of $13,800 when he made the donation?
A) $3,300
B) $10,500
C) $12,150
D) $13,800
E) None of the above

Byron Owned Stock in Blossom Corporation That He Donated to a Museum