Research these issues and write a letter to Mr. Garcia with your conclusions. What should he do? What documentation is required to support the charitable contributions? Garcia also donated $10,000 to a qualified Mexican public charity located in Matamoros, and he wants to know whether this contribution is deductible.

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Research these issues and write a letter to Mr. Garcia with your conclusions. What should he do? What documentation is required to support the charitable contributions? Garcia also donated $10,000 to a qualified Mexican public charity located in Matamoros, and he wants to know whether this contribution is deductible.

Mark Garcia, a single individual, wants to make a $40,000 charitable contribution to the United Way to support the financial literacy program. Although he does not have the cash available, he is thinking about selling an investment and donating the proceeds. He owns 1,000 shares of ABC stock (FMV $40,000; A/B $30,000) that he purchased eight months ago and 500 shares of XYZ stock (FMV $40,000;
A/B $18,000) that he purchased three years ago. Both companies are listed on the New York Stock Exchange. Assume he does not plan to sell any other capital assets during the year (2016). Mr. Garcia expects the two investments to yield similar returns in the future, and he is not partial towards keeping either stock.
Mr. Garcia expects his adjusted gross income to be $140,000:
-Pension $90,000
-U.S. investment income (interest, dividends, rents) $20,000
-Mexican investment income (interest, dividends, rents) $12,000
– Social Security $18,000
Garcia also donated $10,000 to a qualified Mexican public charity located in Matamoros, Mexico, and he wants to know whether this contribution is deductible. His address is 600 Crownridge Drive, Brownsville, Texas 78521.

For my purpose only I would like to have a snapshot of location of citation in word as to where the citation identifies reseach.
The letter must contain the footnotes of tax research citation:
See attached example of letter for citation footnotes purpose only

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