In 2021, OCC Corporation made a charitable donation of $400,000 to the American Red Cross. For the year. OCC reported taxable income of $1,500,000 before deducting any charitable contributions before deducting its $20,000 dividends-received deduction, and before deducting its $40,000 NOL carryover from last year Assume the donation is qualified contribution What amount of the $400,000 donation is OCC allowed to deduct for tax purposes in 2021 what is the carryover to 2022, a. Hoes the carryover expire? 3 Answer is complete but not entirely correct. Deductible donation $ 254,000 Carryover $ 290,000) Carryover expire 2027