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Required information Problem 6-48 (LO 6-2) (Algo) [The following information applies to the questions displayed below) Calvin reviewed his canceled checks and receipts this year

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Required information Problem 6-48 (LO 6-2) (Algo) [The following information applies to the questions displayed below) Calvin reviewed his canceled checks and receipts this year (2021) for charitable contributions, which included an antique painting and IBM stock. He has owned the IBM stock and the painting since 2005 Donee Item Cost FHV Hobbs Medical Center IBM stock $ 8,400 $ 56,000 State Museum Antique painting 6,700 4,020 A needy family Food and clothed United Way Cash 42,000 42,000 740 440 Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. (leave no answer blank. Enter zero if applicable.) nces Problem 6-48 Part-e (Algo) e. Calvin's AGI is $270,000, but the painting is worth $112.000 Charitable contribution deduction Carryover

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