A taxpayer with an AGI of $200,000 wants to make a charitable contribution to a public charity. They hold two assets: <br/>1. Stock A: FMV $50,000, Basis $10,000, held for 5 years.<br/>2. Stock B: FMV $50,000, Basis $60,000, held for 5 years.<br/>Which strategy results in the greatest overall tax benefit?

IRC §170 planning: For Stock A (appreciated), donating directly allows a deduction for FMV ($50k) and avoids tax on the $40k gain. For Stock B (loss), donating directly gives a deduction for FMV ($50k) but the $10k loss is wasted. Selling Stock B first allows the taxpayer to recognize the $10k capital loss, then donating the $50k cash gives the same charitable deduction. Option C maximizes benefits.