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

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 portrait many years ago as investments. Dean reported the following recipients:

Charity Property Cost FMV

State University Cash $ 17,000 $ 17,000
Red Cross Cash 15,500 15,500
State History Museum Painting 5,200 90,000
City Medical Center Dell stock 48,000 37,000

Assume that Dean’s AGI this year is $250,000. Determine Dean’s itemized deduction for his charitable contributions this year and any carryover.

Deduction=

Carryover=

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