Question: 8. a. b. Jaylen made a charitable contribution to his church in the current year. He donated common stock valued at $33,000 (acquired as an

8. a. b. Jaylen made a charitable contribution to his church in the current year. He donated common stock valued at $33,000 (acquired as an investment in 2006 for $13,000). Jaylen's AGI in the current year is $75,000. What is his allowable charitable contribution deduction? How are any excess amounts treated? Adrian contributed an antique vase she had owned for 25 years to a museum. At the time of the donation, the vase had a value of $35,000. The museum displayed this vase in the art gallery. Assume that Adrian's AGI is $80,000, and her basis in the vase is $15,000. How much may Adrian deduct? How would your answer to Part (a) change if, instead of displaying the vase, the museum sold the vase to an antique dealer? 9. a

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