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Mark Moody has adjusted gross income of $57800 this year. During the year, he gave his church $3300 cash and land having a fair market

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Mark Moody has adjusted gross income of $57800 this year. During the year, he gave his church $3300 cash and land having a fair market value of $36600 and a basis of $20600. The land was held long-term. A contribution of $9400 in cash was also made to a private charity. How much of the above donations may be deducted as contributions if Mark does not elect to reduce the fair market value by the appreciation in value of the land donated? [For your answer, please use whole number (no need to round) and ignore the dollar sign and the comma.] Answer: Mark Moody has adjusted gross income of $50300 this year. During the year, he gave his church $3300 cash and land having a fair market value of $38100 and a basis of $20600. The land was held long-term. A contribution of $9200 in cash was also made to a private charity. How much is the charitable contributions carryover if Mark does not elect to reduce the fair market value by the appreciation in value of the land donated? [For your answer, please use whole number (no need to round) and ignore the dollar sign and the comma.]

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