Nicole charitable contribution deduction, Accounting Basics

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Nicole charitable contribution deduction

During 2013, Nicole made the following contributions to a qualified public charity:

Cash $15,000
Stock in Livingston, Inc. (a publicly traded corporation) $25,000

Nicole acquired the stock in Livingston, Inc., as an investment four years ago at a cost of $10,000. Nicole's AGI is $70,000.

What is Nicole's charitable contribution deduction?

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Accounting Basics: Nicole charitable contribution deduction

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Q : Nicole charitable contribution deduction

Nicole acquired the stock in Livingston, Inc., as an investment four years ago at a cost of $10,000. Nicole's AGI is $70,000. What is Nicole's charitable contribution deduction?

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Accounting Basics: Nicole charitable contribution deduction

Reference No:- TGS041135

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Recent Questions Asked Accounting Basics

Q : How much taxable income must report on tax return

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Ask an Expert for Answer!!

Accounting Basics: Nicole charitable contribution deduction

Reference No:- TGS041135

Recent Questions Asked Accounting Basics

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