Business, 23.04.2020 15:24 tgeorge95

Zeke made the following donations to qualified charitable organizations during the year 2019: Basis Fair Market ValueUsed clothing (all acquired at least 18 months ago) of taxpayer and his family $1,350 $375Stock in ABC, Inc., held as an investment for 15 months $12,000 $10,875Stock in MNO, Inc., held as an investment for 11 months $15,000 $18,000Real estate held as an investment for 2 years $15,000 $30,000The used clothing was donated to the Salvation Army; the other items of property were donated to Eastern State University. Both are qualified charitable organizations. Disregarding percentage limitations, Zeke's current charitable contribution deduction is:A. $43,350B. 56,250C. $59,250D. $60,375E. None of these

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Zeke made the following donations to qualified charitable organizations during the year 2019: Basis...

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