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Business, 11.10.2019 23:30 ayshearouse1203

Patrick has an adjusted gross income of $120,000 in the current year. he donated $50,000 in cash to a public charity; capital gain property with a basis of $15,000 but a fair market value of $35,000 to a public charity; and publicly traded stock with a basis of $12,000 and a fair market value of $25,000 to a private nonoperating foundation. what is deductible as a charitable contribution for the current year?

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