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Calvin reviewed his canceled checks and receipts this year ( 2 0 2 4 ) for charitable contributions, which included an antique painting and IBM
Calvin reviewed his canceled checks and receipts this year for charitable contributions, which included an antique painting and IBM stock. He has owned the IBM stock and the painting since
Donee Item Cost FMV
Hobbs Medical Center I BM stock $ $
State Museum Antique painting
A needy family Food and clothes
United Way Cash
Calculate Calvin's charitable contribution deduction and carryover if any under the following circumstances.
Calvin's AGI is $ but the State Museum told Calvin that it plans to sell the painting.
Charitable contribution deduction
Carryover Required Information
The following information applies to the questions clisplayed below.
Calvin reviewed his canceled checks and receipts this year for charitable contributions, which included an antique
painting and IBM stock. He has owned the IBM stock and the painting since
Calculate Calvin's charitable contribution deduction and carryover if any under the following circumstances.
Note: Leave no answer blank. Enter zero If applicable.
e Calvin's AGI is $ but the painting is worth $
Answer is not complete.
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