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Author Question: An accrual-basis corporation can only deduct contributions made by year-end. (Read 82 times)

@Brianna17

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on: Sep 13, 2020

Question 1

A taxpayer has made substantial donations of both cash and capital gain property. Due to lower income this year, the taxpayer could exceed the charitable contribution ceilings. The taxpayer will apply the 50% AGI ceiling before applying the 30% AGI ceiling.
◦ true
◦ false

Question 2

An accrual-basis corporation can only deduct contributions made by year-end.
◦ true
◦ false
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by @Brianna17 on Sep 13, 2020

Andromeda18

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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@Brianna17

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it

tkempin

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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