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Required information [The following information applies to the questions displayed below.] Calvin reviewed his cancelled checks and receipts this year for charitable contributions, which included

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Required information [The following information applies to the questions displayed below.] Calvin reviewed his cancelled checks and receipts this year 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 State Museum Antique painting A needy family Food and clothes United Way Cash Cost FMV $ 7,400 $46,000 6,200 3,720 640 380 32,000 32,000 Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. (Leave no answer blank. Enter zero if applicable.) a. Calvin's AGI is $220,000. Charitable contribution deduction Carryover b. Calvin's AGI is $220,000 but the State Museum told Calvin that it plans to sell the painting. Charitable contribution deduction Carryover c. Calvin's AGI is $109,000. Charitable contribution deduction Carryover d. Calvin's AGI is $220,000 and Hobbs is a nonoperating private foundation. Charitable contribution deduction Carryover e. Calvin's AGI is $220,000 but the painting is worth $82,000. Charitable contribution deduction Carryover

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