n 2022, Ian and Isabella donated Stock A to a public charity. Stock A had a fair market value of $80,000, and Ian and Isabella purchased Stock A many years ago for $1,000. What is Ian and Isabella's 2022 charitable contribution deduction (after application of the limitation) if, in 2022, Ian and Isabella had gross income of $110,000 and adjusted gross income of $100,000? Enter your answer as a positive number.
n 2022, Ian and Isabella donated Stock A to a public charity. Stock A had a fair market value of $80,000, and Ian and Isabella purchased Stock A many years ago for $1,000. What is Ian and Isabella's 2022 charitable contribution deduction (after application of the limitation) if, in 2022, Ian and Isabella had gross income of $110,000 and adjusted gross income of $100,000? Enter your answer as a positive number.
Chapter20: Corporations And Parterships
Section: Chapter Questions
Problem 39P
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In 2022, Ian and Isabella donated Stock A to a public charity. Stock A had a fair market value of $80,000, and Ian and Isabella purchased Stock A many years ago for $1,000.
What is Ian and Isabella's 2022 charitable contribution deduction (after application of the limitation) if, in 2022, Ian and Isabella had gross income of $110,000 and adjusted gross income of $100,000? Enter your answer as a positive number.
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