Georgia had AGI of $100,000 in 2017. She donated Heron Corporation stock with a basis of $8,500 to a qualified charitable organization on July 5, 2017.

a.What is the amount of Georgia's deduction, assuming that she purchased the stock on December 4, 2016, 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, 2009.
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 2017. She donated Heron Corporation stock with a basis of $8,500 to a qualified charitable organization on July 5, 2017.
​
a.What is the amount of Georgia's deduction, assuming that she purchased the stock on December 4, 2016, 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, 2009.
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 2017. She donated Heron Corporation stock with a basis of $8,500 to a qualified charitable organization on July 5, 2017.
​
a.What is the amount of Georgia's deduction, assuming that she purchased the stock on December 4, 2016, 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, 2009.
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 2017