QUESTION ONE (SEVEN POINTS)

Zeke made the following donations to qualified charitable organizations for 2020.

	Basis	FMV
Used clothing of taxpayer and his family (all acquired more than a year ago)	$ 1,350	$ 375
Stock in ABC, Inc., held as an investment for 11 months	12,000	10,875
Stock in MNO, Inc., held as an investment for 15 months	15,000	18,000
Real estate held as an investment for two years (contributed to a private non-operating foundation)	15,000	30,000

Zeke also donated cash of $10,000 to a qualified charitable organization. The used clothing was donated to the Salvation Army; the other items of property were donated to Eastern State University. Both are qualified charitable organizations. Zekes AGI is $100,000. What is Zekes charitable contribution deduction for 2019 (both before and after applying the percentage limitations)? Will Zeke have any charitable contribution deduction carryforward? If there is a carryforward, what will happen if Zeke is not able to utilize the carryforward until 2026 due to his having exceeded the AGI thresholds in 2021-2025. What tax planning recommendations would you have Zeke if he is interested in maximizing his charitable contribution deductions over the long term (still assuming he will be unable to utilize any charitable deduction carryforwards over the next five years)?