Ronald donates publicly traded Microsystems stock with a basis of $2,000 and a fair market...
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Accounting
Ronald donates publicly traded Microsystems stock with a basis of $2,000 and a fair market value of $20,000 to the local library, which is considered a public charity. Ronald has $30,000 of adjusted gross income, and he purchased the stock 15 years ago. How is this contribution treated on Ronalds tax return?
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