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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
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 reported the following recipients in 2022: Charity Property Cost State University Cash $ 17,600 FMV $ 17,600 Red Cross Cash State History Museum City Medical Center Antique painting Dell stock 15,800 5,260 15,800 92,400 54,000 43,000 c. Suppose Dean is a dealer in antique paintings and had held the painting for sale before the contribution. What is Dean's charitable contribution deduction for the painting in this situation (ignoring AGI limitations)? Charitable contribution deduction
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