Ray Ray made the following contributions this year. Charity Athens Academy School thited Way Froperty Canh...
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Ray Ray made the following contributions this year. Charity Athens Academy School thited Way Froperty Canh Cost $5,950 $ 5,950 5,050 Canh 5,050 Ameriean Heart Assoeiation Antique painting 16,650 83,250 22,050 First Methodist Church Coca-Cola stock 14,700 Determine the maximum amount of charitable deduction for each of these contributions ignoring the AGI celing on charitable contributions and assuming that the American Heart Association plans to sell the antique painting to fund its operations. Ray Ray has owned the painting and Coca-Cola stock since 1990. Maximum Amount Cash contributions Property donations Ray Ray made the following contributions this year. Charity Athens Academy School thited Way Froperty Canh Cost $5,950 $ 5,950 5,050 Canh 5,050 Ameriean Heart Assoeiation Antique painting 16,650 83,250 22,050 First Methodist Church Coca-Cola stock 14,700 Determine the maximum amount of charitable deduction for each of these contributions ignoring the AGI celing on charitable contributions and assuming that the American Heart Association plans to sell the antique painting to fund its operations. Ray Ray has owned the painting and Coca-Cola stock since 1990. Maximum Amount Cash contributions Property donations
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a Maximum amount of charitable deduction for Cash Contrbutions 7650 54... View the full answer
Related Book For
Income Tax Fundamentals 2015
ISBN: 9781305177772
33rd edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill
Posted Date:
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