Question
Problem 6-51 (LO 6-2) (Algo) Skip to question [The following information applies to the questions displayed below.] In addition to cash contributions to charity, Dean
Problem 6-51 (LO 6-2) (Algo) Skip to question [The following information applies to the questions displayed below.] 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 2022: Charity Property Cost FMV State University Cash $ 19,800 $ 19,800 Red Cross Cash 16,900 16,900 State History Museum Antique painting 5,480 101,200 City Medical Center Dell stock 76,000 65,000 Problem 6-51 Part-b (Algo) b. Assume that Dean's AGI this year is $390,000. Determine Dean's itemized deduction for his charitable contributions this year and any carryover.
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