Problem: Ash purchases 500 shares of XYZ for $10/share. Ten months later, when the shares are trading at $15/share, they donate them to Caring Trust, a qualified charity. Three months after the donation is made, Caring Trust sells the shares for $17.50/share. How much can Ash deduct from their taxes as a result of their donation of XYZ shares? A Since they did not hold the shares for at least a year, they cannot use the donation as a deduction on their taxes. B $5,000 C $7,500 D $8,750