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Describe how a business charitable contribution is treated for tax purposes if the business owner is: A sole proprietor A 100% corporate shareholder A partner

Describe how a business charitable contribution is treated for tax purposes if the business owner is:

  • A sole proprietor
  • A 100% corporate shareholder
  • A partner in a partnership
  • A 100% S corporation shareholder

Be sure to provide an example of a requirement of a qualified charitable contribution. Also, provide an example of how the different rules might affect a decision to make a charitable contribution.

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