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Im Required information Problem 6-50 (LO 6-2) (Static) [The following information applies to the questions displayed below.] Calvin reviewed his canceled checks and receipts this

Im Required information Problem 6-50 (LO 6-2) (Static) [The following information applies to the questions displayed below.] Calvin reviewed his canceled checks and receipts this year (2023) for charitable contributions, which included an antique painting and IBM stock. He has owned the IBM stock and the painting since 2005. Donee Hobbs Medical Center State Museum A needy family United Way Problem 6-50 Part-e (Static) Item IBM stock Antique painting Food and clothes Cash Charitable contribution deduction Carryover Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. Note: Leave no answer blank. Enter zero if applicable. e. Calvin's AGI is $100,000, but the painting is worth $10,000. Cost $ 5,000 5,000 400 8,000 FMV $ 22,000 3,000 250 8,000
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Required information Problem 6-50 (LO 6-2) (Static) [The following information applies to the questions displayed below] Calvin reviewed his canceled checks and teceipts this year (2023) for charitable contributions, which included an antique painting and IBM stock. He has owned the IBM stock and the painting since 2005. Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. Note: Leave no answer blank. Enter zero if applicable. Problem 6.50 Part-e (Static) e. Calvin's AGI is $100,000, but the painting is worth $10,000

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