Which of the following transfers made by your client will be excluded from the client's total gifts in the year made? A) Made a $20,000 contribution to the Shriner's Hospital, which provides free medical care to children     B) Paid a family member $15,000 so she could go to school     C) Made a $30,000 gift to the donor's spouse

Use Worksheet 15.1. When Jackson Holmes died in 2018, he left an estate valued at $8,300,000. His trust directed distribution as follows: $22,000 to the local hospital, $160,000 to his alma mater, and the remainder to his three adult children. Death-related costs were $17,000 for funeral expenses, $45,000 paid to attorneys, $3,000 paid to accountants, and $35,000 paid to the trustee of his living trust. In addition, there were debts of $135,000. Use Worksheet 15.1 and Exhibit 15.5 and Exhibit 15.6 to calculate the federal estate tax due on Jackson's estate. Round your answer to nearest whole dollar. $

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 $ 8,200 $ 54,000 State Museum Antique painting   6,600   3,960 A needy family Food and clothes   720   430 United Way Cash   40,000   40,000     Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. Calvin’s AGI is $129,000. Charitable contribution deduction? Carryover?

-Calvin’s AGI is $110,000. What is his charitable contribution deductions. What is the carryover?

S Calvin reviewed his canceled checks and receipts this year (2023) for charitable contributions, which included an antique painting and IBM stock. He has owned the IBM stock and the painting since 2005. Donee Item Hobbs Medical Center IBM stock State Museum Antique painting Book A needy family United Way Food and clothes Cash Cost $ 8,400 6,700 740 42,000 FMV $ 56,000 4,020 440 42,000 Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. Note: Leave no answer blank. Enter zero if applicable. c. Calvin's AGI is $134,000. Charitable contribution deduction Carryover

-Calvin’s AGI is $54,000. What is the charitable contribution deduction. What is the carryover?

Colby has decided to make charitable contributions of property this year. He donates a painting (adjusted basis $900, fair market value $40,000) that he previously created to a local art museum (a public charity under section 501(c)(3)). The painting will be exhibited in the museum's modern art collection. His adjusted gross income is $90,000. What is his charitable deduction for this year?   Select one:   a. $0   b. $900   c. $45,000   d. $40,000

Required information [The following information applies to the questions displayed below.] Calvin reviewed his canceled checks and receipts this year (2023) for charitable contributions, which included an antique painting and IBM stock. He has owned the IBM stock and the painting since 2005. Donee Hobbs Medical Center State Museum A needy family United Way c. Calvin's AGI is $104,000. Item IBM stock Antique painting Food and clothes Cash Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. Note: Leave no answer blank. Enter zero if applicable. Charitable contribution deduction Carryover Answer is complete but not entirely correct. Cost $ 7,200 6,100 620 30,000 $ $ 61,200 X 23,200 X FMV $ 44,000 3,660 / 370 30,000

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You can deduct as an itemized deduction charitable contribution all the money you contributed to your coworkers "Go fund me" account set up for her heart surgery