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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

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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 and a portrait painted during the earlier part of the last century. The portrait is capital gain property. Dean purchased the stock and the portrait many years ago as investments. Dean reported the following recipients: Charity Property Cost State University Cash $17,000 $17,000 Red Cross Cash 15,500 15,500 State History Antique 5,200 90,000 Museum painting City Medical Center Dell stock 48,000 37,000 FMV a. Determine the maximum amount of charitable deduction for each of these contributions ignoring the AGI ceiling on charitable contributions. Assume that the taxpayer itemizes their deductions. a. Determine the maximum amount of charitable deduction for each of these contributions ignoring the AGI contributions. Assume that the taxpayer itemizes their deductions. Maximum Amount Property Cash Painting Stock

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