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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 (2024) for charitable contributions, which included an antique painting and IBM stock. He has owned the IBM stock and the painting since 2005.
Donee Item Cost FMV
Hobbs Medical Center I BM stock $ 6,200 $ 34,000
State Museum Antique painting 5,6003,360
A needy family Food and clothes 520310
United Way Cash 20,00020,000
Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances.
Calvin's AGI is $160,000, 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 (2024) for charitable contributions, which included an antique
painting and IBM stock. He has owned the IBM stock and the painting since 2005.
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 $100,000, but the painting is worth $10,000.
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