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Zeke made the following donations to qualified charitable organizations for 2020. Basis FMV Used clothing of taxpayer and his family (all acquired more than a

Zeke made the following donations to qualified charitable organizations for 2020.


Basis

FMV

Used clothing of taxpayer and his family (all acquired more than a year ago)

$ 1,350

$ 375

Stock in ABC, Inc., held as an investment for 11 months

12,000

10,875

Stock in MNO, Inc., held as an investment for 15 months

15,000

18,000

Real estate held as an investment for two years (contributed to a private non-operating foundation)

15,000

30,000







Zeke also donated cash of $10,000 to a qualified charitable organization. The used clothing was donated to the Salvation Army; the other items of property were donated to Eastern State University. Both are qualified charitable organizations. Zeke’s AGI is $100,000. What is Zeke’s charitable contribution deduction for 2019 (both before and after applying the percentage limitations)? Will Zeke have any charitable contribution deduction carryforward?

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