Calvin reviewed his cancelled checks and receipts this year for charitable contributions. He has owned the IBM stock and painting since 2005. 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 nonoperating private foundation.
e. Calvin's AGI is $100,000 but the painting is worth $10,000.

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Donee Hobbs Medical Center State Museum A needy family United Way Item IBM stock painting food and clothes cash Cost S 5,000 5,000 400 8,000 FMV $ 22,000 3,000 250 8,000