medium · Certified Financial Planner Professional Conduct
A donor in the 37% bracket wishes to give a block of stock to a public charity. The stock is worth 100,000 and has a basis of20,000, held for three years.
What is the amount of her charitable deduction and its associated AGI ceiling?
- $100,000 deduction; 30% of AGI ceiling.
- $100,000 deduction; 60% of AGI ceiling.
- $20,000 deduction; 50% of AGI ceiling.
- $80,000 deduction; 30% of AGI ceiling.
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