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 Calvin's AGI is $59,000. Item IBM stock Antique painting Food and clothes Cash Charitable contribution deduction Carryover Cost $ 5,400 5,200 440 12,000 Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. Note: Leave no answer blank. Enter zero if applicable. FMV $ 26,000 3,120 260 12,000

Calvin reviewed his canceled checks and receipts this year (2023) for charitable contributions, which included an antique painting and 18M 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. Calvin's AGI is $59,000