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Required information [The following information applies to the questions displayed below.] Calvin reviewed his canceled checks and receipts this year (2022) for charitable contributions,
Required information [The following information applies to the questions displayed below.] Calvin reviewed his canceled checks and receipts this year (2022) 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 A needy family Antique painting Food and clothes Cash Cost $ 9,400 7,200 840 52,000 FMV $ 66,000 4,320 500 52,000 State Museum United Way Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. Note: Leave no answer blank. Enter zero if applicable. a. Calvin's AGI is $320,000. Charitable contribution deduction Carryover $ 160,000 90,500 Search S < Premy 8 9 10 of 10 Next > myp W X
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