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 $ 8,000 $ 52,000 State Museum Antique painting 6,500 3,900 A needy family Food and clothes 700 420 United Way Cash 38,000 38,000 Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. (Leave no answer blank. Enter zero if applicable.)

c. Calvins AGI is $124,000.