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Required information [The following information applies to the questions displayed below.] Calvin reviewed his canceled checks and receipts this year (2021) for charitable contributions,
Required information [The following information applies to the questions displayed below.] Calvin reviewed his canceled checks and receipts this year (2021) 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 A needy family IBM stock Antique painting Food and clothes Cash Cost $ 5,000 FMV 5,000 400 8,000 $ 22,000 3,000 250 8,000 State Museum United Way 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 $100,000, but the painting is worth $10,000. Charitable contribution deduction Carryover
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