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Nora owns a C Corporation business. She wants to contribute $70,000 in December of this year to the charitable and nonprofit Boys and Girls Club.

Nora owns a C Corporation business. She wants to contribute $70,000 in December of this year to the charitable and nonprofit Boys and Girls Club. She would like to know if she should contribute this from her business account, C Corp, or her 1040. Are there any tax advantages and limitations?

Her taxable projected income will be $500,000 Her 1040 adjusted gross income $350,000.

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