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Ray Ray made the following contributions this year FMV 9,200 $9,200 7,650 7,650 American Heart Association Antique painting 16,000 80,000 Charity Property Cost Athens Academy
Ray Ray made the following contributions this year FMV 9,200 $9,200 7,650 7,650 American Heart Association Antique painting 16,000 80,000 Charity Property Cost Athens Academy School United Way Cash Cash First Methodist Church Coca-Cola stock 14,800 22,200 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 ha owned the painting and Coca-Cola stock since 1990. Maximum Amount Property donations
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