1. 

   catnguyen
   

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   If a Corp donate Stock to a Charity, what is the value we use to calculate?

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   Posted 6 months ago #
2. 

   hopefulcpa28
   

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   I don't know if I'm right or wrong..

   But I believe, it depends on whether they are long term or short term stock.

   ST stock: Lesser of the cost of stock or its FMV
   LT stock: Use the FMV and the lesser of:

   Can't exceed 10% of the taxable income.

   Posted 6 months ago #
3. 

   catnguyen
   

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   hopeful, do you have yahoo messenger so we can chat?

   Posted 6 months ago #
4. 

   See Pee A
   

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   Cash is limited to 50% AGI and property is limited to 30% AGI (in total). The remainder is carried forward.

   Short-term (<1yr) is at lower of cost or FMV. Long-term (>1yr) is at FMV. Simple as that.

   BEC 86 (08/30/11)
   FAR 84 (10/13/11)
   REG 88 (11/08/11)
   AUD 86 (11/29/11)
   
   Exam prep - Becker self-study

   Posted 6 months ago #
5. 

   See Pee A
   

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   I totally misread the prompt, the above is for an individual.

   BEC 86 (08/30/11)
   FAR 84 (10/13/11)
   REG 88 (11/08/11)
   AUD 86 (11/29/11)
   
   Exam prep - Becker self-study

   Posted 6 months ago #

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