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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 Hobbs Medical Center State Museum A needy family United Way Item Cost FMV IBM stock Antique painting Food and clothes $ 8,800 6,900 780 $ 60,000 124,000 470 Cash 46,000 46,000 Calvin's AGI is $290,000. Calculate Calvin's charitable contribution deduction and carryover (if any). Note: Leave no answer blank. Enter zero if applicable. Charitable contribution deduction Carryover aa Prav 20 of 20 Next >
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