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    Federal Taxation
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    Exam 10: Deductions and Losses: Certain Itemized Deductions
  5. Question
    Dwayne Contributed Stock Worth $17,000 to a Qualified Charity
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Dwayne Contributed Stock Worth $17,000 to a Qualified Charity

Question 53

Question 53

True/False

Dwayne contributed stock worth $17,000 to a qualified charity.He acquired the stock fourteen months ago for $8,000.He may deduct $17,000 as a charitable contribution deduction (subject to percentage limitations).

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