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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
[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 Hobbs Medical Center State Museum A needy family United Way Item IBM stock Antique painting Food and clothes Cash Cost FMV $ 9,000 $62,000 7,000 4,200 800 480 48,000 48,000 Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. (Leave no answer blank. Enter zero if applicable.) . Calvin's AGI is $300,000, but the painting is worth $130,000. Charitable contribution deduction Carryover
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