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What is the maximum charitable contribution deduction

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Problem - During the current year, Harper donates stock worth $34,000 to her local community college. Two years ago the stock cost Harper $30,000. Her AGI for the current year is $70,000. Beginning next year, the bulk of her income will be from tax-exempt municipal securities. Thus, she is not interested in any carryover of excess charitable contribution. What is the maximum charitable contribution deduction Harper may take this year?

Reference no: EM133013966

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