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Rosalinda Guzman applies for a College Access Tax Credit (CATC) reservation on October 31, 2019. Her proposed contribution is $10,000. The California Educational Facilities Authority
Rosalinda Guzman applies for a College Access Tax Credit (CATC) reservation on October 31, 2019. Her proposed contribution is $10,000. The California Educational Facilities Authority (CEFA) grants a $5,000 credit reservation on November 7. Rosalinda makes a $10,000 contribution to the fund on November 22, 2019. CEFA sends the credit certification to Rosalinda on December 1. Rosalinda may claim a College Access Tax Credit for what amount on her California tax return? OA. $0 B. $4,000 OC. $5,000 OD. $10,000
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