For Year 2, a corporation had taxable Income of $ / 0, VOU without regard to the

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For Year 2, a corporation had taxable Income of $ / 0, VOU without regard to the contribution deduction. Contributions made in Year 2 totaled $5,000, and a $4,000 carryover of excess contributions from Year 1 is available to apply to Year 2.

What is the amount of contribution carryover available for Year 3 and what is its source?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: May 31, 2023 12:59 AM

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For Year 2, a corporation had taxable Income of $ / 0, VOU without regard to the

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Income Tax Fundamentals 2013

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