Required information

Problem $6-51($LO $6-2)($Algo$)$

$[$The following information applies to the questions displayed below.$]$

In addition to cash contributions to charity, Dean decided to donate shares of stock and a portrait painted

during the earlier part of the last century. Dean purchased the stock and the portrait many years ago as

investments. Dean reported the following recipients in $2024$:

Problem $6-51$ Part$-$b $($Algo$)$

b$.$ Assume that Dean's AGI this year is $$320,000.$ Determine Dean's itemized deduction for his charitable contributions this

year and any carryover.