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Required information Skip to question [ The following information applies to the questions displayed below. ] Calvin reviewed his canceled checks and receipts this year

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[The following information applies to the questions displayed below.]
Calvin reviewed his canceled checks and receipts this year (2023) 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 FMV
Hobbs Medical Center IBM stock $ 8,200 $ 54,000
State Museum Antique painting 6,6003,960
A needy family Food and clothes 720430
United Way Cash 40,00040,000
Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances.
Note: Leave no answer blank. Enter zero if applicable.
a. Calvin's AGI is $260,000.

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