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how do you get carryover? ! Required information (The following information applies to the questions displayed below.) Calvin reviewed his canceled checks and receipts this
how do you get carryover?
! Required information (The following information applies to the questions displayed below.) Calvin reviewed his canceled checks and receipts this year (2021) for charitable contributions, which included an antique painting and IBM stock. He has owned the IBM stock and the painting since 2005. FMV Donee Hobbs Medical Center State Museum A needy family United Way Item IBM stock Antique painting Food and clothes Cash Cost $ 5,000 5,000 400 8,000 $ 22,000 3,000 250 8,000 Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. (Leave no answer blank. Enter zero if applicable.) c. Calvin's AGI is $50,000. Charitable contribution deduction AA 25,000 8,000 CarryoverStep by Step Solution
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