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In addition to cash contributions to charity, Dean decided to donate shares of stock and a portrait painted during the earlier part of the last
In addition to cash contributions to charity, Dean decided to donate shares of stock and a portrait painted during the earlier part of the last century. Dean purchased the stock and the portrait many years ago as investments. Dean reported the following recipients in 2023: Charity State University Red Cross State History Museum City Medical Center Cash Cash Deduction Carryover Property IS Antique painting Dell stock Answer is complete but not entirely correct. 44,700 X 55,500 Cost $ 16, 200 b. Assume that Dean's AGI this year is $210,000. Determine Dean's itemized deduction for his charitable contributions this year and any carryover. 15,100 5,120 40,000 FMV $ 16,200 15,100 86,800 29,000 2
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