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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 2021: Charity Property Cost State University Cash $ 15,200 FMV $ 15,200 Red Cross Cash State History Museum City Medical Center Antique painting Dell stock 14,600 5,020 14,600 82,800 30,000 19,000 a. Determine the maximum amount of charitable deduction for each of these contributions ignoring the AGI ceiling on charitable contributions.
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