Ray Ray made the following contributions in 2021. Charity Athens Academy School United Way American Heart Association Fi
Posted: Sun Jul 03, 2022 1:23 pm
Ray Ray made the following contributions in 2021. Charity Athens Academy School United Way American Heart Association First Methodist Church Cash contributions Property donations $ $ Maximum Amount Cash Cash 18,600 35,000 Property Determine the maximum amount of charitable deduction for each of these contributions ignoring the AGI ceiling on charitable contributions and assuming that the American Heart Association plans to sell the antique painting to fund its operations. Ray Ray has owned the painting and Coca-Cola stock since 1990. Antique painting Coca-Cola stock Cost $ 9,800 8,800 18,050 16,400 FMV $ 9,800 8,800 90,250 24,600