In year 1, the Helpful Trust agreed to make a $50,000 contribution to Local Soup Kitchen, a

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In year 1, the Helpful Trust agreed to make a $50,000 contribution to Local Soup Kitchen, a charitable organization. Helpful’s board agreed to the gift at a November year 1 meeting, but the check was not issued until February 20, year 2 (i.e., during the next tax year).

a. Can the trust claim a charitable contribution deduction? If so, describe how Helpful should treat its gift.

b. Would the answer to part (a) change if the check was issued on May 1, year 2? If so, how?

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South Western Federal Taxation 2016 Corporations Partnerships Estates And Trusts

ISBN: 9781305399884

39th Edition

Authors: James Boyd, William Hoffman, Raabe, David Maloney, Young

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Question Posted: Sep 09, 2015 07:18 AM

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In year 1, the Helpful Trust agreed to make a $50,000 contribution to Local Soup Kitchen, a

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South Western Federal Taxation 2016 Corporations Partnerships Estates And Trusts

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