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17-19 (Algo) [LO 17-4] Diane Baumah, a professional artist with AGI in excess of $65,000, made the following donations. Assume the taxable year is 2021.
17-19 (Algo) [LO 17-4] Diane Baumah, a professional artist with AGI in excess of $65,000, made the following donations. Assume the taxable year is 2021. Required: Determine to what extent each donation is deductible on her Schedule A. (Leave no cells blank - be sure to enter "O" wherever required.) a $2,050 cash to the First Methodist Church of Chicago b. $52 cash to a homeless person. c. One of Diane's own oil paintings to the local chapter of Meals on Wheels, a tax-exempt charity. The charity sold the painting for $4,000 at a silent auction d. $10,200 cash to the Democratic political party. e. Used household furniture to the Salvation Army. Diane's original cost was $6,900, and the furniture was reasonably worth $1,220 Amount
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