Carl Craft's adjusted gross income is $80,000. He gave $8,000 cash to his church. He also donated land with a fair market value of $60,000 to Cleveland State University. fte land had cost Carl $30,000 in 1988. Finally, he contributed $6,000 to a private scholarship foundation to which the 20 percent limitation applies. Carl does not elect the optional reduction of the land contribution. What is Carl's charitable contribution deduction for the year?

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The Answer of Carl Craft's adjusted gross income is $80,000. He gave $8,000 cash to his church. He also donated land with a fair market value of $60,000 to Cleveland State University. fte land had cost Carl $30,000 in 1988. Finally, he contributed $6,000 to a private scholarship foundation to which the 20 percent limitation applies. Carl does not elect the optional reduction of the land contribution. What is Carl's charitable contribution deduction for the year?

Carl Craft's Adjusted Gross Income Is $80,000