Charitable donation question

Charitable donation question - c. Changed the beneficiary...

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What are the tax implications for a taxpayer with $100,000 AGI for each tax year of 2007, 2008, 2009, 2010 and the following donations: 2007: a. $25,000 cash to The United Way of Oxford b. $100,000 of appreciated qualified stock given to McCullough-Hyde Memorial Hospital. c.$1,000 cash to a needy family d. Pledged $20,000 to Scholarship fund at St. Joseph’s College 2008: a. $5,000 cash to the Miami University foundation b. $25,000 of appreciated qualified stock to Church
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Unformatted text preview: c. Changed the beneficiary of $500,000 life insurance Policy to the American Cancer Society d. Made first payment of $5,000 to St. Josephs 2007 2008 2009 2010 a. $25,000 Cash a. $5,000 Cash (MU) b. $25,000 Stock b. $30,000 Stock b. $30,000 b.$15,000 (2007gift) d. $5,000 Cash (SJC) b.$15,000 (2008 gift $50,000 $40,000 $30,000 $30,000 $10,000 carryover to 2011...
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