Calvin reviewed his canceled checks and receipts this year (2021) 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 IBM stock $ 5,400 $ 26,000

State Museum Antique painting 5,200 3,120

A needy family Food and clothes 440 260

United Way Cash 12,000 12,000

Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances

e. Calvins AGI is $120,000, but the painting is worth $22,000.

Charitable contribution deduction?

Carryover ?