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Madeoff donated stock (capital gain property) to a public charity. He purchased the stock three...

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Accounting

Madeoff donated stock (capital gain property) to a public charity. He purchased the stock three years ago for $100,000, and on the date of the gift, it had a fair market value of $200,000. What is his maximum charitable contribution deduction for the year related to this stock if his AGI is $500,000?

*

a) $100,000

b) $200,000

c) $150,000

d) $250,000

e) None of the choices are correct

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