Pat Gave 5,000 Shares of Stock in Coyote Corporation (A

Multiple Choice

Pat gave 5,000 shares of stock in Coyote Corporation (a publicly traded corporation) to her church (a qualified charitable organization) in the current year. The stock was worth $180,000 and she had acquired it as an investment four years ago at a cost of $120,000. She reported AGI of $300,000 for the year. In completing her current income tax return, how much is her current-year charitable contribution deduction?

A) $90,000
B) $120,000
C) $150,000
D) $180,000
E) None of the above