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Requirea information [The following information applies to the questions displayed below.] In addition to cash contributions to charity, Dean decided to donate shares of stock

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Requirea information [The following information applies to the questions displayed below.] In addition to cash contributions to charity, Dean decided to donate shares of stock and a portrait painted during the earlier part of the last century. Dean purchased the stock and the portrait many years ago as investments. Dean reported the following recipients: Charity State University Red Cross State History Museum City Medical Center Property Cash Cash Antique painting Dell stock Cost FMV $16,600 $16,600 15,300 15,300 5,160 88,400 44,000 33,000 b. Assume that Dean's AGI this year is $230,000. Determine Dean's itemized deduction for his charitable contributions this year and any carryover. Deduction $ 115,000 Carryover

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