Allen and Teri have an agi of $95,000 in 2020, and had the following charitable donations: $10,800($900
Question:
Allen and Teri have an agi of $95,000 in 2020, and had the following charitable donations: $10,800($900 each month) to their church; two $300 donations to the American red cross; $30 monthly deductions to the united way. Which of the following is not true about these charitable donations? Allen and Teri must have______.
A). A bank record or receipt that shows the date if the written acknowledgment does not show the date of donation.
B). A separate written acknowledgement from their church for each of their monthly donations or one written acknowledgement listing the date of each contribution.
C). A written acknowledgement from the united way listing the date and amount of each donation because they total more than $250 for the year.
D). Written acknowledgments from their church and the red cross before they file their 2019 return, or by the due date, including extensions.
Microeconomics Theory and Applications
ISBN: 978-1118758878
12th edition
Authors: Edgar K. Browning, Mark A. Zupan