Calvin reviewed his cancelled checks and receipts this year for charitable contributions, which included a painting and

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Question:

Calvin reviewed his cancelled checks and receipts this year for charitable contributions, which included a painting and IBM stock. He has owned the IBM stock and painting since 2005.

Donee	Item	Cost		FMV
Hobbs Medical Center	IBM stock	$	8,600	$	58,000
State Museum	Antique painting		6,800		4,080
A needy family	Food and clothes		760		460
United Way	Cash		44,000		44,000

Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. (Leave no answer blank. Enter zero if applicable.)

Problem 6-43 Part-e

Calvin’s AGI is $139,000

Calvin’s AGI is $280,000

Charitable Contribution Deduction = ?

Carryover = ?