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Ray Ray made the following contributions this year. Charity Property Cost FMV Athens Academy School United Way American Heart Association First Methodist Church Cash Cash
Ray Ray made the following contributions this year. Charity Property Cost FMV Athens Academy School United Way American Heart Association First Methodist Church Cash Cash Antique painting Coca-Cola stock s 6,450$ 6,450 4,350 4,350 17,85089,250 12,950 19,425 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 fund its operations. Ray Ray has owned the painting and Coca-Cola stock since 1990. Maximum Amount Cash contributions Property donations
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