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Problem 1 1 - 9 Special Deductions and Limitations ( LO 1 1 . 3 ) than 2 0 percent ) in the amount of

Problem 11-9
Special Deductions and Limitations (LO 11.3)
than 20 percent) in the amount of $25,000.
a. What is the amount of Citradoria Corporation's allowable deduction for charitable contributions for 2023?
$
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orporations are allowed a deduction for contributions to qualified charitable organizations. Generally, a deduction is allowed in the year in which a payment is made.
number of years.
x
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Incorrect
c. If there is any carryover of the charitable contribution deduction from 2024, what year will it expire?
2029 X
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Partially correct
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