w Assignment 14 6 Required information [The following information applies to the questions displayed below) 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 2021: Charity State University Red Cross State History Museum City Medical Center Property Cash Cash Antique painting Dell stock Cost $ 17,000 15,500 5,200 48,000 FMV $ 17,000 15,500 90,000 37,000 a. Determine the maximum amount of charitable deduction for each of these contributions ignoring the AGI celing on charitable contributions Maximum Amount Property Cash Painting Stock Assignment 0 Required information [The following information applies to the questions displayed below.) 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 2021 Charity Property State University Cost FRV Cash $ 17,000 $ 17,000 Cash 15,500 15,500 State History Muses Antique painting 5,200 90,000 City Medical Center Dell stock 48,000 37,000 Red Cross b. Assume that Dean's At this year is $250,000. Determine Dean's itemized deduction for his charitable contributions this year and any carryover Deduction Carryover O Required information The following information applies to the questions displayed below.) 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 2021 28 Charity State University Red Cross State History Museum City Medical Center Property Cash Cash Antique painting Dell stock Cost $ 17,000 15,500 5,200 48,000 FMV $ 17,000 15,500 90,000 37,000 d. Suppose that Dean's objective with the donation to the museum was to finance expansion of the historical collection. Hence, Dean was not surprised when the museum announced the sale of the painting because of its limited historical value. What is Dean's charitable contribution deduction for the painting in this situation (ignoring AGI limitations)? Charitable contbuton deduction