Nicole acquired the stock in livingston inc. as an, Ask an Expert

Accounting

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, Accounting

Category:- Accounting Basics
Reference No.:- M941135

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