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How are any excess amounts treated

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Reference no: EM133125061

Question - Jaylen made a charitable contribution to his church in the current year. He donated common stock valued at $32,600 (acquired as an investment in 2006 for $16,500). Jaylen's AGI in the current year is $82,000.

Required -

a. What is his allowable charitable contribution deduction?

b. How are any excess amounts treated?

Reference no: EM133125061

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