Claire donated 240 publicly traded shares of stock (held for five years)to her father's nonoperating private foundation this year. The stock was worth $15,170 but Claire's basis was only $4,170. Determine the maximum amount of charitable deduction for the donation if Claire's AGI is $61,700 this year.

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The Answer of Claire donated 240 publicly traded shares of stock (held for five years)to her father's nonoperating private foundation this year. The stock was worth $15,170 but Claire's basis was only $4,170. Determine the maximum amount of charitable deduction for the donation if Claire's AGI is $61,700 this year.

Claire Donated 240 Publicly Traded Shares of Stock (Held for Five