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Richard donates publicly traded gold company stock with a

Problem

Richard donates publicly traded Gold Company stock with a basis of $1000 and a fair market value of $15,000 to the college he attended, which is considered a public charity. Richard has owned the stock for 10 years. How is this contribution treated treated on his tax return?

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Accounting Basics: Richard donates publicly traded gold company stock with a

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Accounting Basics: Richard donates publicly traded gold company stock with a

Reference No:- TGS02601797

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