Question: Required information Problem 6 - 5 0 ( LO 6 - 2 ) ( Algo ) [ The following information applies to the questions displayed
Required information
Problem LO Algo
The following information applies to the questions displayed below.
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
Calculate Calvin's charitable contribution deduction and carryover if any under the following circumstances.
Note: Leave no answer blank. Enter zero if applicable.
Problem Partb Algo
b Calvin's AGI is $ but the State Museum told Calvin that it plans to sell the painting.
Charitable contribution deduction
Carryover
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