Question: Required information Problem 6-44 (LO 6-2) (The following information applies to the questions displayed below.) In addition to cash contributions to charity, Dean decided to

 Required information Problem 6-44 (LO 6-2) (The following information applies to

Required information Problem 6-44 (LO 6-2) (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: Charity State University Red Cross State History Museum City Medical Center Property Cash Cash Antique painting Dell stock Cost FMV $19,400 $ 19,400 16,700 16,700 5,440 99,600 72,000 61,000 Problem 6-44 Part-d d. Suppose that Dean's objective with the donation to the museum was to finance expansion of the historical collection. Hence, Dean was not surprised when the museum announced the sale of the painting because of its limited historical value. What is Dean's charitable contribution deduction for the painting in this situation (ignoring AGI limitations)? Charitable contribution deduction

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