Madeoff Donated Stock (Capital Gain Property)to a Public Charity

question 42

Multiple Choice

Madeoff donated stock (capital gain property) to a public charity. He purchased the stock three years ago for $100,000, and on the date of the gift, it had a fair market value of $200,000. What is his maximum charitable contribution deduction for the year related to this stock if his AGI is $500,000?

• A)$100,000
• B)$200,000
• C)$150,000
• D)$250,000
• E)None of the choices are correct.

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