Required information [The following information applies to the questions displayed below.] Calvin reviewed his canceled checks and receipts this year (2021) for charitable contributions, which included an antique painting and IBM stock. He has owned the IBM stock and the painting since 2005. Donee Hobbs Medical Center. State Museum A needy family United Way a. Calvin's AGI is $110,000. Charitable contribution deduction Carryover Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. (Leave no answer blank. Enter zero if applicable.) Item IBM stock Antique painting Food and clothes Cash Charitable contribution deduction Carryover c. Calvin's AGI is $54,000. b. Calvin's AGI is $110,000, but the State Museum told Calvin that it plans to sell the painting. Charitable contribution deduction Carryover Cost $5,200 5,100 420 10,000 Charitable contribution deduction Carryover FMV $ 24,000 3,060 250 10,000 d. Calvin's AGI is $110,000 and Hobbs is a private nonoperating foundation. Charitable contribution deduction Carryover e. Calvin's AGI is $110,000, but the painting is worth $16,000.

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