eBook Calculato Problem 10-38 (LO. 6) Ramon had AGI of $180,000 in 2017. He is considering making a charitable contribution this year to the American Heart Association, a qualified charitable organization. Determine the current allowable charitable contribution deduction in each of t situations, and indicate the treatment for any amount that is not deductible currently. he following independent a. A cash gift of $95,000. In the current year, Ramon's deduction for the cash contribution is can be carried forward V for The remaining X years. Feedback Check My Work A charitable contribution is define donations, both money and property, that qualify for the deduction. d as a gift made to a qualified organization. The potential charitable contribution deduction is the total of all b. A gift of OakCo stock worth $95,000 on the contribu of $84,000 tion date. Ramon had acquired the stock as an investment two years ago at a cost The stock's value for determining the contribution is The deduction for 2017 is $ The remaining can be carried forward for years Previous