Lyle makes the following contributions to qualified charitie…
Lyle makes the following contributions to qualified charities this year: 10 shares of Bang stock ($1,000 FMV, acquired 5 years ago for $800) 10 shares of Fizzle stock ($500 FMV, acquired 2 years ago for $750) Ignoring AGI percentage limitations and the 0.5% AGI floor, what is Lyle’s itemized deduction for charitable contributions?