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Christa has made a $25,000 pledge to the American Red Cross (a public charity). Christa expects AGI ...

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Christa has made a $25,000 pledge to the American Red Cross (a public charity). Christa expects AGI ...

Christa has made a $25,000 pledge to the American Red Cross (a public charity). Christa expects AGI of $200,000 this year. Which of the following assets should she donate?

▸ $25,000 of cash

▸ stock purchased three years ago for $18,000 with a current FMV of $25,000

▸ stock purchased six months ago for $28,000 with a current FMV of $25,000

▸ Christa should be indifferent among the three choices.

Textbook

Federal Taxation 2017 Individuals

Edition: 30^th

Authors: Pope, Rupert, Anderson

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