Question

P1:7-53 (similar to) Question Help During the current year, Maryssa reports AGl of $180,000. As part of some estate planning, she donates $21,000 to her alma mater, Autumn University, and $60,000 to a private nonoperating foundation. (Assume the year is 2018.) Requirements a. What is the amount of Maryssa's charitable deduction for the current year? b. Assume the same facts in Part a except that she donates $41,000 to Autumn University. Requirement a. What is the amount of Maryssa's charitable deduction for the current year? Amount Charitable contribution for the year Charitable contributio carryover

Answer 1

Donation paid for estate planning is not considered as charitable deduction. Donation paid to non operating foundation is considered as charitable donation so the amount of donation considered as charitable donation is $60000.