Emily lives in Indiana. Her AGI is $100,000. During the winter she volunteers to travel...

60.1K

Verified Solution

Question

Accounting

image

Emily lives in Indiana. Her AGI is $100,000. During the winter she volunteers to travel to Louisiana to work on a home-building project for Habitat for Humanity (a qualified charitable organization). She was in Louisiana for three weeks (from December 18, 2019 - January 7, 2020). Her meals, lodging and travel were covered by the organization. She normally makes $500 per week as a carpenter and plans to deduct $1,500 as a charitable deduction for her services provided. There was no vacation component to the trip. Assuming Emily itemizes (in all relevant years) what is Emily's deduction associated with this charitable activity? 1.$1,000 is deductible in 2019 and $500 is deductible in 2020. 2. None of these choices 3.$1,500 is deductible in 2019. 4. $1,500 is deductible in 2020. 5. $0.0

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students