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How much of the charitable contribution should pat deduct

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Reference no: EM132085788

Question - Pat gave 5,000 shares of stock in Coyote Corporation (a publicly traded corporation) to her church (a qualified charitable organization). The stock was worth $180,000 and she had acquired it as an investment four years ago at a cost of $75,000. Pat had AGI of $300,000. In completing her income tax return, how much of the charitable contribution should Pat deduct?

$75,000.

$90,000.

$150,000.

$180,000.

None of the above.

Reference no: EM132085788

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