Ray ray made the following contributions this year
charity property cost fmv
athens acad...
Business, 23.10.2019 18:00 Lakelife12
Ray ray made the following contributions this year
charity property cost fmv
athens academy school cash $ 7,650 $ 7,650
united way cash 5,450 5,450
american heart association antique painting 15,250 76,250
first methodist church coca-cola stock 12,250 18,375
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.
cash contributions maximum
property donations maximum amount?
Answers: 2
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