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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 reporte the following recipients in 2021: Charity Property Cost FMV State University Cash $ 15,400 $ 15,400 Red Cross Cash State History Museum Antique painting City Medical Center Dell stock 14,700 5,040 32,000 14,700 83,600 21,000 a. Determine the maximum amount of charitable deduction for each of these contributions ignoring the AGI ceiling on charitabl contributions. Property Maximum Amount Cash Painting Stock
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