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Casey owned stock in Jupiter Corporation that he donated to a university (a qualified charitable organization) on December 30, 2009. What is the amount of Casey's deduction assuming that he had purchased the stock for $10,000 on January 3, 2009, and the stock had a fair market value of $32,000 when he made the donation? Casey's AGI is $400,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M971485

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