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Linda,who Has AGI of $120,000 in 2013,contributes Stock in Mauve

Question 141

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Linda,who has AGI of $120,000 in 2013,contributes stock in Mauve Corporation (a publicly traded corporation)to the Salvation Army,a qualified charitable organization.The stock is worth $65,000,and Linda acquired it as an investment four years ago at a cost of $50,000.
Linda,who has AGI of $120,000 in 2013,contributes stock in Mauve Corporation (a publicly traded corporation)to the Salvation Army,a qualified charitable organization.The stock is worth $65,000,and Linda acquired it as an investment four years ago at a cost of $50,000.

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