Which is the wisest course of action for trevone to take

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Trevone invested in a start-up company that is struggling. He has company stock but it has declined in value. He wants to use it for someone else's benefit, and considers donating the stock to his favorite charity. Of the following, which is the wisest course of action for Trevone to take?

A. sell the stock, take the capital loss, and donate the proceeds to charity, all while receiving an income tax deduction for the dollar amount of the donation

B. hold the stock until it appreciates in value

C. donate the stock to charity, and take the income tax deduction for the fair market value of the stock on the date of the gift

D. give the stock to his sister, and make her promise to donate it when she sees fit

Reference no: EM132375702

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