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[The following information applies to the questions displayed below.] Calvin reviewed his canceled checks and receipts this year (2022) for charitable contributions, which included

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[The following information applies to the questions displayed below.] Calvin reviewed his canceled checks and receipts this year (2022) 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 Cost $ 5,800 FMV $ 30,000 State Museum A needy family Antique painting Food and clothes Cash 5,400 480 16,000 3,240 290 16,000 United Way Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. Note: Leave no answer blank. Enter zero if applicable. d. Calvin's AGI is $140,000 and Hobbs is a private nonoperating foundation. Charitable contribution deduction Carryover 13 6,000

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