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Question - Ronnie is considering making the following charitable contributions:
Option 1: stock held for 3 months (basis $16,000, FMV $17,000)
Option 2: cash of $17,000
Option 3: stock held for 3 years (basis $16,000, FMV $15,000)
Option 4: stock held for 5 years (basis $15,000, FMV $17,000)
Required -
(a) What would be the worst option for Ronnie to choose for the charitable contribution? Please circle one.
(b) What is the amount of the deduction?
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