ACC 2205 Pat gave 5,000 shares of stock in Coyote Corporation (a publicly traded corporation)

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January 10th, 2018

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 four years ago at a cost of $75,000. Pat had AGI of $300,000. In completing her income tax return, how much of the charitable contribution should Pat deduct?$75,000.$90,000.$150,000.$180,000.None of the above

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