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Question 34 2.5 pts A hurricane (federally declared disaster) destroyed the Palmer's boat. The couple purchased the boat for $30,000 ten years ago and

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Question 34 2.5 pts A hurricane (federally declared disaster) destroyed the Palmer's boat. The couple purchased the boat for $30,000 ten years ago and it was appraised at a FMV of $35,000 before the hurricane. Unfortunately, the Palmers did not have insurance on their boat. Compute the Palmer's casualty loss deduction before applying the 10% AGI threshold? Question 35 2.5 pts Ms. Donor contributed $300,000 in cash to qualified charities this year during 2020. Her AGI was $275,000. How much is Ms. Donor's charitable contribution carry forward, if any. to 2021? (Ignore any temporary changes made to the charitable contribution rules for 2020 made by The Cares Act)

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