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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 2021: Charity State University Red Cross State History Museum City Medical Center Property Cash Cash Antique painting Dell stock Cost $ 17,200 15,600 5,220 50,000 FMV $ 17,200 15,600 90,800 39,000 Assume that Dean's AGI this year is $260,000. Determine Dean's itemized deduction for his charitable contributions this year and carryover. 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 2021: Charity State University Red Cross State History Museum City Medical Center Property Cash Cash Antique painting Dell stock Cost $ 17,200 15,600 5,220 50,000 FMV $ 17,200 15,600 90,800 39,000 Assume that Dean's AGI this year is $260,000. Determine Dean's itemized deduction for his charitable contributions this year and carryover
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