Calvin reviewed his cancelled 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 2005. Donee Item Cost FMV
Hobbs Medical Center IBM stock $ 6,400 $ 36,000
State Museum Antique painting 5,700 3,420
A needy family Food and clothes 540 320
United Way Cash 22,000 22,000
Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. (Leave no answer blank. Enter zero if applicable.)
a. Calvin’s AGI is $170,000.
b. Calvin’s AGI is $170,000 but the State Museum told Calvin that it plans to sell the painting.
c. Calvin’s AGI is $84,000.
d. Calvin’s AGI is $170,000 and Hobbs is a nonoperating private foundation.
e. Calvin’s AGI is $170,000 but the painting is worth $52,000.

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