Current years charitable contribution deduction

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Reference no: EM131259503

Jorge contributes $35,000to his church and 100 share of XYZ stock to the American Red Cross. The shares were purchased three years ago for $10,000 but were worth $ 18,000 as of the donation date. Jorge's AGI this year is $100,00. Assuming no elections are made, determine his current years charitable contribution deduction and the amount of any carryover to next year?

Reference no: EM131259503

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