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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 Property Cash Painting Stock WEE Problem 6-51 Part-a (Algo) a. Determine the maximum amount of charitable deduction for each of these contributions ignoring the AGI ceiling on charitable contributions. Maximum Amount dan minguma 200 www. NEZA Cash Cash soal mam Antique painting Dell stock Property MAMAMEN Cost $ 16,800 15,400 5,180 46,000 FMV $ 16,800 15,400 89, 200 35,000
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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 century. Dean purchased the stock and the portrait many years ago as investments. Dean reported the following recipients in 2023 : Problem 6.51 Port-a (Algo) a. Determine the maximum amount of charitable deduction for each of these contributions ignoring the AGI ceiling on charitable contributions. c. Suppose Dean is a dealet in antique paintings and had held the painting for sale before the contribution. What is Dean's charitable contribution deduction for the painting in this situatoon (ignoring AGt limitations)? b. Assume that Dean's AGI this year is $240,000. Determine Dean's itemized deduction for his charitable contributions this year and any carryovet. d. Suppose that Dean's 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 painting because of its limited historical value. What is Dean's chartable contribution deduction for the painting in this situation (ignoring AGI limitations)

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