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Business, 05.12.2019 17:31 elenasoaita
In year 1 (the current year), laa inc. made a charitable donation of $132,000 to the american red cross (a qualifying charity). for the year, laa reported taxable income of $572,000, which included a $132,000 charitable contribution deduction (before limitation), a $64,500 dividends received deduction, and a $10,800 net operating loss carryover from year 0. what is laa inc.’s charitable contribution deduction for year 1? charitable contribution deduction
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In year 1 (the current year), laa inc. made a charitable donation of $132,000 to the american red cr...
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