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

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.