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Required information [The following information applies to the questions displayed below.] In addition to cash contributions to charity, Dean decided to donate shares of stock
Required 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 FMV $19,400 $19,400 16,700 16,700 99,600 72,000 61,000 Property Cost Cash Cash State History Museum City Medical Center Antique painting Dell stock 5,440 b. Assume that Dean's AGI this year is $370,000. Determine Dean's itemized deduction for his charitable contributions this year and any carryover. Deduction Carryover Required 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 FMV $19,400 $19,400 16,700 16,700 99,600 72,000 61,000 Property Cost Cash Cash State History Museum City Medical Center Antique painting Dell stock 5,440 b. Assume that Dean's AGI this year is $370,000. Determine Dean's itemized deduction for his charitable contributions this year and any carryover. Deduction Carryover
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