Calvin reviewed his canceled checks and receipts this year ( 2 0 2 3 ) for charitable
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Question:
Calvin reviewed his canceled 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
Donee Item Cost FMV
Hobbs Medical Center IBM stock $ $
State Museum Antique painting
A needy family food and clothes
United Way Cash
Calculate Calvin's charitable contribution deduction and carryover if any under the following circumstances.
Note: Leave no answer blank. Enter zero if applicable.
a Calvin's AGI is $
Charitable contribution deduction:
Carryover :
b Calvin's AGI is $ but the State Museum told Calvin that it plans to sell the painting.
Charitable contribution deduction:
Carryover :
e Calvin's AGI is $ but the painting is worth $
Charitable contribution deduction:
Carryover :
Related Book For
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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