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Calvin reviewed his cancelled checks and receipts this year for charitable contributions, which included a painting and IBM stock. He has owned the IBM stock
Calvin reviewed his cancelled checks and receipts this year for charitable contributions, which included a painting and IBM stock. He has owned the IBM stock and painting since 2005 Donee Item Cost FMV Hobbs Medical Center State Museum A needy family United Way IBM stock Antique painting Food and clothes Cash $ 5,200 $24,000 5,100 3,060 250 10,000 10,000 420 Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. (Leave no answer blank. Enter zero if applicable.) Problem 6-43 Part-c c. Calvin's AGI is $54,000 Charitable contribution deduction Carryover
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