Donald has an AGI of $40,000. He made a donation to a charity for $20,000 worth of securities that he purchased for $10,000 2 years ago. How much can he deduct in the current year and carry forward?
A) Current = 20,000, Carryforward = 0
B) Current = 8,000, Carryforward = 12,000
C) Current = 10,000, Carryforward = 10,000
D) Current = 12,000, Carryforward = 8,000
E) Current = 12,000, Carryforward = 0