Pat had agi of 300000 in completing her final income tax


Question - Pat died in 20x2. Before she died, Pat gave 5,000 shares of stock in Coyote Corporation (a publicly traded corporation) to her church (a qualified charitable organization). The stock was worth $180,000, and she had acquired it as an investment 4 years ago at a cost of $150,000. In the year of her death, Pat had AGI of $300,000. In completing her final income tax return, how much of the charitable contribution should Pat's executor deduct?

$90,000

$150,000

$180,000

$210,000

None of the above

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Accounting Basics: Pat had agi of 300000 in completing her final income tax
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