1. Jack is considering making a substantial charitable contribution to the University of Akron this year. His AGI will be $175,000. He is considering one of the following options. a. Cash: $100,000. b. Deb Mayer painting: The painting has FMV of $100,000. Jack purchased the painting two years ago for $90,000. c. Brother Inc stock: The stock has FMV of $100,000. Jack purchased the stock four years ago for $175,000. Determine the amount of his 2020 deduction for each of the options, identifying any carryovers into future years.

a. 3. Jack is considering making a substantial charitable contribution to the University of Akron this year. His AGI will be $175,000. He is considering one of the following options. Cash: $100,000. b. Deb Mayer painting: The painting has FMV of $100,000. Jack purchased the painting two years ago for $90,000. Brother Inc stock: The stock has FMV of $100,000. Jack purchased the stock four years ago for $175,000. C. Determine the amount of his 2020 deduction for each of the options, identifying any carryovers into future years. (5 points)