Pat Died This Year

Pat died this year.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 four 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?

A) $90,000.
B) $150,000.
C) $180,000.
D) $210,000.
E) None of the above.

Correct Answer:

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