Required information CARES Problem 6-49 (LO 6-2) (Algo) [The following information applies to the questions displayed below.) In 2020, 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: Assume CARES Act applies. Charity State University Red Cross State History Museum City Medical Center Property Cash Cash Antique painting Dell stock Cost FMV $19,800 $ 19,800 16,900 16,900 5, 480 101,200 76,000 65,000 CARES Problem 6-49 Part-a (Algo) a. Determine the maximum amount of charitable deduction for each of these contributions ignoring the AGI ceiling on charitable contributions. Property Cash Painting Stock Maximum Amount $ 36,700 101,200 65,000 b. Assume that Dean's AGI this year is $390,000. Determine Dean's itemized deduction for his charitable contributions this year and any carryover. Deduction X: Carryove This is a numeric cell, so please enter numbers only. CARES Problem 6-49 Part-c (Algo) c. Suppose Dean is a dealer in antique paintings and had held the painting for sale before the contribution. What is Dean's charitable contribution deduction for the painting in this situation (ignoring AGI limitations)? Charitable contribution deduction d. Suppose that Dean's objective with the donation to the museum was to finance expansion of the historical collection. Hence, Dean was not surprised when the museum announced the sale of the painting because of its limited historical value. What is Dean's charitable contribution deduction for the painting in this situation (ignoring AGI limitations)? Charitable contribution deduction