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Calvin reviewed his canceled checks and receipts this year (2022) for charitable contributions, which included an antique painting and IBM stock. He has owned
Calvin reviewed his canceled checks and receipts this year (2022) for charitable contributions, which included an antique painting and IBM stock. He has owned the IBM stock and the painting since 2005. Donee Item Hobbs Medical Center IBM stock State Museum Antique painting A needy family United Way Food and clothes Cash Cost $ 9,600 7,300 860 54,000 FMV $ 68,000 4,380 520 54,000 Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. Note: Leave no answer blank. Enter zero if applicable. . Calvin's AGI is $330,000 and Hobbs is a private nonoperating foundation. Charitable contribution deduction Carryover
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