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Business, 23.10.2019 19:00 kellimcollier8294
In year 1 (the current year), occ corp. made a charitable donation of $200,000 to the jordan spieth family foundation (a qualifying charity). for the year, occ reported taxable income of $1,500,000 before deducting any charitable contributions, before deducting its $20,000 dividends received deduction, and before deducting its $40,000 nol carryover from last year. what amount of the $200,000 donation is occ allowed to deduct for taxt purposes in year 1?
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In year 1 (the current year), occ corp. made a charitable donation of $200,000 to the jordan spieth...
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