Question
Ray Ray made the following contributions this year. Charity Property Cost FMV United Way Cash 9,934...
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Ray Ray made the following contributions this year.
American Heart Association plans to sell the stock to fund its operations. First Methodist Church intends to display the antique painting. Ray Ray has owned the painting and Coca-Cola stock since 1990. What is the maximum amount of charitable deduction for each of these contributions ignoring the AGI ceiling on charitable contributions? Please explain how you got each number in your solution and/or where the number comes from. |
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