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In 2020 Ron and Hermione made the following contributions to the following organizations. Category Charity Property Cost FMV Goodwill Clothes and misc. household items (several

In 2020 Ron and Hermione made the following contributions to the following organizations.

Category

Charity

Property

Cost

FMV

Goodwill

Clothes and misc. household items (several years old)

$15,700

$4,350

Civil War Museum

Coin Collection

$19,500

$92,700

Ron and Hermiones best friends whose house burned down

Cash

$3,500

$3,500

Salvation Army

Cash

$12,500

$12,500

Toys for Tots

New toys

$2,500

$2,500

Henry Ford Hospital

Rigor stock

$14,000

$6,000

Wayne State University

Exxon Mobil Stock (held 5 years)

$17,500

$42,800

Wayne State University

Cash

55,000

$55,000

Determine the contribution category for each of these contributions assuming that the Historical Museum plans to display the coin collection in the museum and place in the column above.

Determine Ron and Hermiones maximum deductible charitable contribution (and any carryover) assuming their AGI is $350,000.

Category

Amount

60%

50%

30%

Carryover

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