Blue LIght inc taxable income before claiming the charitable contribution deduction is 90,000 and its...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Blue LIght inc taxable income before claiming the charitable contribution deduction is 90,000 and its charitable contribution limit modified taxable income is 102,000. Blue light cash charitable contribution for the year were 27,000 what is Blue Lights current year charitable contribution deduction and condibution carryover?
Thanks
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!