6. Lisa contributed a painting to a 50 percent organization during 2019. The donee organization immediately sold the painting for $50,000 (FMV). The painting was purchased in 1998 for $40,000 and used...


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6. Lisa contributed a painting to a 50 percent organization during 2019. The donee<br>organization immediately sold the painting for $50,000 (FMV). The painting was<br>purchased in 1998 for $40,000 and used for personal enjoyment. Lisa's contribution<br>base is $70,000.<br>Compute Lisa's 2019 contribution and carryover to 2020.<br>6.<br>o a. 2019 Contribution: $40,000 Carryover to 2020 $10,000<br>ob. 2019 Contribution: $35.000 Carryover to 2020 $15,000<br>Oc. 2019 Contribution $35,000 Carryover to 2020. $5,000<br>od. 2019 Contribution. $20,000 Carryover to 2020: $30,000<br>

Extracted text: 6. Lisa contributed a painting to a 50 percent organization during 2019. The donee organization immediately sold the painting for $50,000 (FMV). The painting was purchased in 1998 for $40,000 and used for personal enjoyment. Lisa's contribution base is $70,000. Compute Lisa's 2019 contribution and carryover to 2020. 6. o a. 2019 Contribution: $40,000 Carryover to 2020 $10,000 ob. 2019 Contribution: $35.000 Carryover to 2020 $15,000 Oc. 2019 Contribution $35,000 Carryover to 2020. $5,000 od. 2019 Contribution. $20,000 Carryover to 2020: $30,000

Jun 02, 2022
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