Jorge contributes 35000to his church and 100 share of xyz, Financial Accounting

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Jorge contributes 35000to his church and 100 share of xyz

Jorge contributes $35,000to his church and 100 share of XYZ stock to the American Red Cross. The shares were purchased three years ago for $10,000 but were worth $ 18,000 as of the donation date. Jorge's AGI this year is $100,00. Assuming no elections are made, determine his current years charitable contribution deduction and the amount of any carryover to next year?

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Financial Accounting: Jorge contributes 35000to his church and 100 share of xyz

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Financial Accounting: Jorge contributes 35000to his church and 100 share of xyz

Reference No:- TGS01662342

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