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[The following information applies to the In addition to cash contributions to charity, Dean decided to donate shares of stock and a portrait painted
[The following information applies to the 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 State University Cash Cost $ 15,400 FMV $ 15,400 Red Cross Cash 14,700 14,700 State History Museum City Medical Center. Antique painting Dell stock 5,040 83,600 32,000 21,000 Problem 6-51 Part-b (Algo) b. Assume that Dean's AGI this year is $170,000. Determine Dean's itemized deduction for his charitable contributions this year and any carryover. Deduction Carryover
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