In 2018 Zeus and Zilly made the following contributions to the following organizations. First number is the cost second is the FMV.

Charity

Property

Cost

FMV

Goodwill

Clothes and misc.

household items

(several years old)

$9,700

$2,350

Historical Museum

Coin Collection

$12,500

$89,700

Zeus and Zillys best friend

whose house burned down

Cash

$2,500

$2,500

UNICEF organization

Cash

$10,500

$10,500

Toys for Tots

New toys

$1,500

$1,500

Beaumont Hospital

Rigor stock

$9,000

$4,000

Walker State University

Exxon Mobil Stock

(held 5 years)

$14,500

$42,800

Minor State University

Cash

$35,000

$35,000

Determine the maximum amount of charitable deduction for each of these contributions

ignoring

any AGI

ceiling

on charitable contributions and assuming that the Historical Museum plans to display the coin

collection in the museum. Assume Zeus and Zillys AGI is 200,000.

Category

Amount

Determine the maximum amount of charitable deduction for each of these contributions

ignoring

any AGI

ceiling

on charitable contributions and assuming that the Historical Museum plans to display the coin

collection in the museum. Assume Zeus and Zillys AGI is 350,000.

Category

Amount

Determine Zeus and Zillys maximum deductible charitable contribution (and any carryover) assuming their

AGI is $200,000.

Category

Amount

Carryover

Determine Zeus and Zillys maximum deductible charitable contribution (and any carryover) assuming their

AGI is $350,000.

Category

Amount

Carryover