Business, 12.03.2022 08:50, cardsqueen
Ms. Bjorn contributed $600,000 cash to qualified public charities this year. Her AGI was $814,000. Which of the following statements is true? Multiple Choice Ms. Bjorn's charitable contribution deduction is limited to $488,400, and she has a $111,600 contribution carryover to future years. Ms. Bjorn's charitable contribution deduction is $360,000. Ms. Bjorn's charitable contribution deduction is limited to $488,400. The $111,600 nondeductible amount will never result in a tax benefit. Ms. Bjorn's charitable contribution deduction is $600,000.
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Ms. Bjorn contributed $600,000 cash to qualified public charities this year. Her AGI was $814,000. W...
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