Calvin reviewed his cancelled 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 Cost FMV Hobbs Medical Center IBM stock $5,000 $22,000 State Museum Antique painting 5,000 3,000 A needy family Food and clothes 400 250 United Way Cash 8,000 8,000 Calculate Calvin’s charitable contribution deduction and carryover (if any) under the following circumstances.

a. Calvin’s AGI is $100,000.

b. Calvin’s AGI is $100,000 but the State Museum told Calvin that it plans to sell the painting.

c. Calvin’s AGI is $50,000.

d. Calvin’s AGI is $100,000 and Hobbs is a private nonoperating foundation.

e. Calvin’s AGI is $100,000 but the painting is worth $10,000.