Calvin reviewed his canceled checks and receipts this year (2023) 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 IBM stock Antique painting Food and clothes Cash Problem 6-50 Part-c (Algo) c. Calvin's AGI is $139,000. Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. Note: Leave no answer blank. Enter zero if applicable. Charitable contribution deduction Carryover Cost $ 8,600 6,800 760 44,000 FMV $ 58,000 4,080 460 44,000

Calvin reviewed his canceled checks and receipts this year (2023) for charitable contributions, which included an antique painting and IBM stock. He has owned the IBM stock and the painting since 2005. Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. Note: Leave no answer blank. Enter zero if applicable. Problem 6-50 Part-c (Algo) c. Calvin's AGI is $139,000. d. Calvin's AGI is $280,000 and Hobbs is a private nonoperating foundation. e. Calvin's AGI is $280,000, but the painting is worth $118,000