Question

16. Charitable contribution Deduction. (Obj. 5) Place an X in the proper column to indio whether each of the following gifts or other expenditures is (i) deductible as a charit contribution, (ii) deductible but not as a charitable contribution, or (iii) not deducti Assume that the taxpayer has a receipt from the charity for the donation Items Deductible Contribution Deductible. Not Contribution Nor Deductible a. Cash to American Red Cross b. Pledge to make a gift to one's church c. Auto expense of church employee d. Cash to Girl Scouts of America e. Inherited land to American Legion f. Cash to political party g. Cash to public library h. Clothing to Salvation Army 1. Common stock to St. Mary's Church j. Cash to Brigham Young University k U.S. bonds to Mayo Clinic 1. Reading at The Braille Institute (value of services rendered, $35) m. Auto expense of a volunteer worker while running errands for a local food bank

Answer 1

Answers are as follows :-

a) Deductible Contribution

b) Not Deductible

c) Deductible if not reimbursed

d) Deductible but not as contribution

e) Deductible Contribution

f) Not Deductible since paid in cash

g) Not Deductible since paid in cash

h) Deductible but not as contribution

i) Not Deductible

j) Deductible but not as contribution

k) Not Deductible

l) Deductible Contribution

m) Not Deductible