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( ! Required information Problem 6 - 5 0 ( LO 6 - 2 ) ( Algo ) [ The following information applies to the

(!
Required information
Problem 6-50(LO 6-2)(Algo)
[The following information applies to the questions displayed below.]
Calvin reviewed his canceled checks and receipts this year (2024) for charitable contributions, which
included an antique painting and IBM stock. He has owned the IBM stock and the painting since 2005.
Calculate Calvin's charitable contribution deduction and carryover (if any) under the following
circumstances.
Note: Leave no answer blank. Enter zero if applicable.
Problem 6-50 Part-e (Algo)
e. Calvin's AGI is $340,000, but the painting is worth $154,000.
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