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Hey can you please help me with this wuestion 8. (5 points) in 2020 Margaret Ann makes the following donations to qualified charitable organizations: Adjusted

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Hey can you please help me with this wuestion
8. (5 points) in 2020 Margaret Ann makes the following donations to qualified charitable organizations: Adjusted Basis Inventory $3,000 ABC stock held for 9 months $7,000 Comic book collection (held 6 yrs) Land held for 5 years FMY $4,000 $9,000 $2,000 $6,000 $16,000 $40,000 The inventory was food and given to a homeless shelter in her community. The stock was given to her church and the comic book collection and land was given to the United Way. The church and United Way sold the assets shortly after receiving them. Margaret Ann's AGI for the year is $90,000 a. What is the amount of her charitable contribution deduction for each asset? b. What limit applies to each asset? What is her carry-forward, if any? 8. (5 points) in 2020 Margaret Ann makes the following donations to qualified charitable organizations: Adjusted Basis Inventory $3,000 ABC stock held for 9 months $7,000 Comic book collection (held 6 yrs) Land held for 5 years FMY $4,000 $9,000 $2,000 $6,000 $16,000 $40,000 The inventory was food and given to a homeless shelter in her community. The stock was given to her church and the comic book collection and land was given to the United Way. The church and United Way sold the assets shortly after receiving them. Margaret Ann's AGI for the year is $90,000 a. What is the amount of her charitable contribution deduction for each asset? b. What limit applies to each asset? What is her carry-forward, if any

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