65.) Elenore recently inherited 4,000 shares of stock from her deceased husbands estate. During his lifetime, Elenore's husband had purchased these shares for $5 a share. The value of the stock had increased to $10 a share at his death. Now it is valued at $15 a share. Elenore now wants to gift this stock to a qualified public charity and has asked you, her financial estate planner, how much of a deduction would be available against her current years income tax. If Elenore's AGI is $175,000 what is the maximum amount of charitable income tax deduction permitted in the current year 2018?
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