Question
Ray Ray made the following contributions this year Charity. property. cost. fmv Athens academy cash. 5000. 5000 united way. cash. 4000. 4000 American Heart. antique
Ray Ray made the following contributions this year Charity. property. cost. fmv Athens academy cash. 5000. 5000 united way. cash. 4000. 4000 American Heart. antique 15000. 75000 painting first methodist coco-cola. 12000. 20000 stock determine the maximum amount of charitable deduction for each of these contributions ignoring the AGI ceiling on charitable contributions and assuming that the American Heart Association plans to sell the antique painting to g under its operations. Ray Ray owned the painting and Coca-Cola stock since 1990 cash contributions property donation
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