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In addition to cash contributions to charity, Dean decided to donate shares of stocks and a portrait painted during the earlier part of the last

In addition to cash contributions to charity, Dean decided to donate shares of stocks and a portrait painted during the earlier part of the last century, Dean purchased the stock and portrait many years ago as investment, Dean reported the following recipients : Charity properties cost FMV state university cash. 17000 17000 Red cross. Cash. 15500. 15500 State history mu. Paintings 5200. 90000 City medica center. Dell stock. 48,000 37000

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Determine the maximum amount of charitable deduction for each of these contributions ignoring the AGI ceiling on charitable contributions Property. Maximum amount Cash Painting Stock (B) assume that the Dean AGI this year is $250,000. Determine Dean itemized deductions for his charitable contribution this year and any carryover (c) suppose Dean is a dealer in antique painting and had held the panting for sale before the contributions. What is Dean charitable contribution deduction for the painting in this situation ignoring AGI limitations (d) suppose that Dean objective with the donation to the museum was to finance expansion of the historical collection. Hence Dean was not surprised when the museum announced the sale of the paintings because of its limited historical value. What is Dean charitable contribution deduction for the painting in this situation, ignoring AGI limitations

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