Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Jerry made the following contributions during 2022: His synagogue (by check) - $4,500 The Republican Party (by check) - $400 The American Red Cross (by
Jerry made the following contributions during
2022:
- His synagogue (by check) - $4,500
- The Republican Party (by check) - $400
- The American Red Cross (by check) - $1,000
- His fraternal organization for tickets to a holiday party - $100
- A baseball autographed by hall-of-fame baseball pitcher Sandy Koufax (basis $0) donated to a public charity - $6,000
In addition, Jerry donated used furniture to the Salvation Army that he purchased years ago for $10,000 with a fair market value of $2,000. Assume Jerry has adjusted gross income of $25,000, has the necessary written acknowledgments, and he itemizes his deductions.
- Gifts by cash or check. If you made any gift of $250 or more, see insteuctions. $5,500
- Other than by cash or check. If you made any gift of $250 or more, see insteuctions. You must attach Form 8283 if over $500. $______
- Carryover from prior year.
- Add lines 11 through 13. $______
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started