What is arnold charitable contribution deduction

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Question - Arnold is a single individual and has adjusted gross income of $65,000 in the current year. Arnold donates the following items to his favorite qualified charities:

$5,000 cash to the athletic department booster club at State University. This contribution gives him the right to purchase preferred seats to all home games.

ABC stock acquired six years ago for $6,000. Its fair market value at the date of contribution was $22,000.

Personal clothing items purchased two years ago for $1,000. Their fair market value at the date of contribution was $400.

What is Arnold's charitable contribution deduction for the current year?

Reference no: EM132429708

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