Linus, who has AGI of $115,000, owns stock in Schultz Corporation with a basis of $27,500. He donates the stock to a qualified charitable organization on December 11, 2016. What is the amount of Linus's charitable contribution deduction on his 2016 Schedule A, assuming that he purchases the stock on May 30,2016, and the stock had a fair market value of $42,000 when he made the donation, and assuming that he makes no charitable contribution elections? b. Assuming the same facts as in a., except that Linus purchased the stock on May 30,1999. What is the amount of Linus's charitable contribution deduction reported on his 2016 Schedule A, assuming he makes no charitable contribution elections? c. Lucy, who has AGI of $90,000, contributes a Picasso painting, for which she paid $26,000, to the United Way, a qualified charitable organization. She has owned the painting for several years and it now has a value of $37,000 at the time of the contribution. The United Way sells $50,000 and informs Lucy of the sale. What is the amount of Lucy's charitable contribution deduction reported on her 2016 Schedule A, assuming she makes no charitable contribution elections?