Question: 11 Required information Problem 6-50 (LO 6-2) (Algo) [The following information applies to the questions displayed below.] art 1 of 3 Calvin reviewed his canceled

11 Required information Problem 6-50 (LO 6-2) (Algo) [The following information applies to the questions displayed below.] art 1 of 3 Calvin reviewed his canceled checks and receipts this year (2024) for charitable contributions, which included an antique painting and IBM stock. He has owned the IBM stock and the painting since 2005. 54/1.07 Ints awarded Donee Item Cost FMV Hobbs Medical Center IBM stock $ 10,000 $ 72,000 Scored State Museum Antique painting 7,500 4,500 A needy family Food and clothes 900 540 United Way Cash 58, 000 58, 000 Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. Note: Leave no answer blank. Enter zero if applicable. Problem 6-50 Part-a (Algo) a. Calvin's AGI is $350,000. Charitable contribution deduction $ 135,040 X Carryover

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