Question
Mr. Jones made the following charitable contributions during the year: Cash to his Church LTCG Stock to UTC Land to Private Nonoperating Foundation FMV
Mr. Jones made the following charitable contributions during the year: Cash to his Church LTCG Stock to UTC Land to Private Nonoperating Foundation FMV $15,000 FMV 100,000 Basis 20000 FMV 90,000 Basis 65,000 Assuming MR. Jones has AGI of $300,000, calculate his total charitable contribution deduction and carryover.
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Federal Taxation 2018 Corporations, Partnerships, Estates & Trusts
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
31st Edition
134550923, 134550927, 978-0134550923
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