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Peter has adjusted gross income of $48,000 in the current year. He contributes $27,000 to his church and $6,000 to a private non-operating foundation.
Peter has adjusted gross income of $48,000 in the current year. He contributes $27,000 to his church and $6,000 to a private non-operating foundation. What is the amount of Peter's charitable contribution deduction, and the amount and character to be carried over assuming no elections to disregard percentage limits?
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Financial Reporting and Analysis Using Financial Accounting Information
Authors: Charles H. Gibson
13th edition
1285401603, 1133188796, 9781285401607, 978-1133188797
