On December 27, 2019, Roberta purchased four tickets to a charity ball sponsored by the city of San Diego for the benefit of underprivileged children. Each ticket cost $200 and had a fair market value of $35. On the same day as the purchase, Roberta gave the tickets to the minister of her church for personal use by his family. At the time of the gift of the tickets, Roberta pledged $4,000 to the building fund of her church. The pledge was satisfied by a check dated December 31, 2019, but not mailed until January 3, 2020.
If an amount is zero, enter "0".
a. Presuming Roberta is a cash basis and
calendar year taxpayer, she can deduct $ for the tickets and
$ for the pledge as a charitable contribution for 2019.
b.Would the amount of the deduction be any
different if Roberta were an accrual basis taxpayer?
If Roberta is an accrual basis and calendar year taxpayer, she can
deduct $ for the tickets and $ for the pledge as a charitable
contribution for 2019.
a. Cash basis of accounting -
Roberta can deduct $ 800 for tickets and $ 0 for the pledge as a charitable contribution
b. Accrual basis of accounting -
Roberta can deduct $ 800 for tickets and $ 4,000 for the pledge as a charitable contribution
On December 27, 2019, Roberta purchased four tickets to a charity ball sponsored by the city of San Diego for the benefi...
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