Question
Ian corporation reported the following result for 2021: Gross income from operation $160,000 Operating expenses 155,000 Dividends from 20% owned domestic corporation 100,000 Long term
Ian corporation reported the following result for 2021:
Gross income from operation $160,000
Operating expenses 155,000
Dividends from 20% owned domestic corporation 100,000
Long term capital gain 4,000
Short term capital loss (5,000)
Cash charitable contributions 28,000
In addition, Ian corporation has a 6,000 NOL carryward from 2020. how much is Ian corporation charitable contribution deduction for 2021?
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How To Write A Marketing Plan Carry Out A Marketing Audit Establish Objectives And Strategies Create An Effective Plan
Authors: John Westwood
3rd Edition
0749461713, 978-0749461713
