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Diane Bauman, a professional artist with AGI in excess of $66,500, made the following donations. Required: Determine to what extent each donation is deductible on
Diane Bauman, a professional artist with AGI in excess of $66,500, made the following donations. Required: Determine to what extent each donation is deductible on her Schedule A. (Leave no cells blank - be sure to enter "O" wherever required.) Amount a. $2,200 cash to the First Methodist Church of Chicago. b. $58 cash to a homeless person. One of Diane's own oil paintings to the local chapter of Meals on Wheels, a tax-exempt charity. The charity sold the painting for $4,300 at a silent auction. d. $10,800 cash to the Democratic political party. Used household furniture to the Salvation Army. Diane's original cost was $7,200, and the furniture was reasonably worth $1,280. e
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