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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 the
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. Hobbs Medical Center IBM stock$ 5,000$ 22,000 State Museum Antique painting 5,000 3,000 A needy family Food and clothes 400 250 United Way Cash 8,000 8,000. Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. Calvin's AGI is $50,000
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