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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 State University Red Cross State History Museum City Medical Center Property Cash Cash Antique painting Dell stock Cost FMV $17,200 $17,200 15,600 15,600 5,220 90,800 50,000 39,000 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. Maximum Amount Property Cash Painting Stock

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