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[The following information applies to the questions displayed below.) Calvin reviewed his canceled checks and receipts this year for charitable contributions, which included an antique

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[The following information applies to the questions displayed below.) Calvin reviewed his canceled 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 Cost FMV $ 7,400 $46,000 6,200 3,720 640 380 32,000 32,000 Cash Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. (Leave no answer blank. Enter zero if applicable.) 1. Calvin's AGI is $220,000 and Hobbs is a private nonoperating foundation. Charitable contribution deduction Carryover

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