In addition to cash contributions to charity, Dean decided to donate shares of stock and a portrait painted during the earlier part of the last century. Dean purchased the stock and portrait many years ago as investments. Dean reported the following recipients:

a. Determine the maximum amount of charitable deduction for each of these contributions ignoring the AGI ceiling on charitable contributions.
b. Assume that Dean's AGI this year is $150,000. Determine Dean's itemized deduction for his charitable contributions this year and any carryover.
c. Assume that Dean's AGI this year is $240,000. Determine Dean's itemized deduction for his charitable contributions this year and any carryover.
d. Suppose Dean is a dealer in antique paintings, and he held the painting for sale before the contribution. What is Dean's charitable contribution deduction for the paintings in this situation (ignoring AGI limitations)?
e. Suppose that Dean's objective with the donation to the museum was to finance expansion of the historical collection. Hence, Dean was not surprised when the museum announced the sale of the portrait because of its limited historical value. What is Dean's charitable contribution deduction for the painting in this situation (ignoring AGI limitations)?

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Charitv State University Red Cross State History Museum Property cash cash Antique painting Dell stock Cost 15,000 14,500 5,000 28,000 FMV $15,000 14,500 82,000 17,000 City Medical Cent Dell stodk