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Required information [The following information applies to the questions displayed below.) Calvin reviewed his cancelled checks and receipts this year for charitable contributions, which included

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Required information [The following information applies to the questions displayed below.) Calvin reviewed his cancelled checks and receipts this year for charitable contributions, which included an antique painting and IBM stock. He has owned the IBM stock and the painting since 2005. Donee Item Hobbs Medical Center IBM stock State Museum Antique painting A needy family Food and clothes United Way Cash Cost FMV $10,000 $72,000 7,500 4,500 900 540 58,000 58,000 Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. (Leave no answer blank. Enter zero if applicable.) e. Calvin's AGI is $350,000 but the painting is worth $160,000. Charitable contribution deduction Carryover Required information [The following information applies to the questions displayed below.) Calvin reviewed his cancelled checks and receipts this year for charitable contributions, which included an antique painting and IBM stock. He has owned the IBM stock and the painting since 2005. Donee Item Hobbs Medical Center IBM stock State Museum Antique painting A needy family Food and clothes United Way Cash Cost FMV $10,000 $72,000 7,500 4,500 900 540 58,000 58,000 Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. (Leave no answer blank. Enter zero if applicable.) e. Calvin's AGI is $350,000 but the painting is worth $160,000. Charitable contribution deduction Carryover

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