Q1. When an investor makes a gift of appreciated securities, the investor is: A) not able to take a deduction. B) able to take a deduction in the amount of the capital gain. C) able to take a deduction in the amount of the current fair market value of the gift.
Q2. When an investor makes a charitable gift of appreciated securities, they are: A) able to avoid capital gains taxes, but are not able to take a deduction for the gift. B) able to take a deduction in an amount designed to exactly offset the capital gains tax. C) able to avoid capital gains taxes, and can take a deduction equal to the current fair market value of the gift.
Q3. When an investor makes a charitable gift of appreciated securities: A) the recipient must pay the capital gains taxes. B) no capital gains taxes are assessed. C) the tax rate is based upon the gifting rate.
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