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During the current year, Michelle reports AGI of $160,000. As part of some estate planning, she donates $28,000 to her alma mater, Star College, and
During the current year, Michelle reports AGI of $160,000. As part of some estate planning, she donates $28,000 to her alma mater, Star College, and $55,000 to a private nonoperating foundation. (Assume the year is 2020.)
Requirements
| a. | What is the amount of Michelle's charitable deduction for the current year? |
| b. | Assume the same facts in Part a except that she donates $38,000 to Star College. |
Question content area bottom
| Amount | |
|---|---|
| Charitable contribution for the year |
|
| Charitable contribution carryover |
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