Georgia had AGI of $100,000 in 2015.She donated Heron Corporation stock with a basis of $8,500 to a qualified charitable organization on July 5,2015.
a.What is the amount of Georgia's deduction,assuming that she purchased the stock on December 4,2014,and the stock had a fair market value of $15,000 when she made the donation?
a. ,except that Georgia purchased the stock on July 1,2007.
a. ,except that the stock had a fair market value of $6,000 (rather than $15,000) when Georgia donated it to the charity.
b.
Assume the same facts as in
c.
Assume the same facts as in

Question

Georgia had AGI of $100,000 in 2015.She donated Heron Corporation stock with a basis of $8,500 to a qualified charitable organization on July 5,2015. ​
a.What is the amount of Georgia's deduction,assuming that she purchased the stock on December 4,2014,and the stock had a fair market value of $15,000 when she made the donation?
a. ,except that Georgia purchased the stock on July 1,2007.
a. ,except that the stock had a fair market value of $6,000 (rather than $15,000) when Georgia donated it to the charity.
b.
Assume the same facts as in
c.
Assume the same facts as in

Quizplus · Accepted Answer

The Answer of Georgia had AGI of $100,000 in 2015.She donated Heron Corporation stock with a basis of $8,500 to a qualified charitable organization on July 5,2015. ​
a.What is the amount of Georgia's deduction,assuming that she purchased the stock on December 4,2014,and the stock had a fair market value of $15,000 when she made the donation?
a. ,except that Georgia purchased the stock on July 1,2007.
a. ,except that the stock had a fair market value of $6,000 (rather than $15,000) when Georgia donated it to the charity.
b.
Assume the same facts as in
c.
Assume the same facts as in

Georgia Had AGI of $100,000 in 2015