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Zeke Made the Following Donations to Qualified Charitable Organizations During

Question 110

Multiple Choice

Zeke made the following donations to qualified charitable organizations during the year: Basis Fair MarketValue Used clothing (all acquired more than a year ago)  of $1,350$375 taxpayer and his family  Stock in ABC, Inc, held as an investment for fifteen 12,00010,875 months  Stock in MNO, Inc., held as an investment for el even15,00018,000 months Real estate held as an investment for two years15,00030,000\begin{array}{llr}& \text {Basis}& \text { Fair Market}\\&& \text {Value}\\ \text { Used clothing (all acquired more than a year ago) of } &\$1,350&\$375\\ \text { taxpayer and his family } &\\ \text { Stock in ABC, Inc, held as an investment for fifteen } &12,000&10,875\\ \text { months } &\\ \text { Stock in MNO, Inc., held as an investment for el even} &15,000&18,000\\ \text { months} &\\\text { Real estate held as an investment for two years} &15,000&30,000\\\end{array}
? The used clothing was donated to the Salvation Army; the other items of property were donated to Eastern State University.Both are qualified charitable organizations.Disregarding percentage limitations, Zeke's charitable contribution deduction for the year is:


A) $43,350.
B) $56,250.
C) $59,250.
D) $60,375.
E) None of the above.

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