Hansaben Required information[The following information applies to the questions displayed below.]In addition to cash contributions to charity, Dean decided to donate shares of stock and a portrait painted during theearlier part of the last century. Dean purchased the stock and the portrait many years ago as investments. Dean reportedthe following recipients in 2022:CharityState UniversityRed CrossState History MuseueCity Medical CenterCashCashCharitable contribution deductionPropertyAntique paintingDell stockCost$ 17,60015,8005,26054,000FMV$ 17,60015,80092,40043,000c. Suppose Dean is a dealer in antique paintings and had held the painting for sale before the contribution. What is Dean's charitablecontribution deduction for the painting in this situation (ignoring AGI limitations)?

Compputation of Dean's charitable contribution deduction for the painting if Dean is a dealer in…

State University Red Cross State History Museue City Medical Center Cash Cash Antique painting Dell stock $ 17,600 15,800 5,260 54,000 FMV $ 17,600 15,800 92,400 43,000 uppose Dean is a dealer in antique paintings and had held the painting for sale before the contribution. What is Dean's cha tribution deduction for the painting in this situation (ignoring AGI limitation)?