Question: In 2 0 2 3 , LAA Incorporated made a charitable donation of $ 1 0 0 , 0 0 0 to the Trevor Project

In 2023, LAA Incorporated made a charitable donation of $100,000 to the Trevor Project (a qualifying charity). For the year, LAA reported taxable income of $550,000, which included a $100,000 charitable contribution deduction (before limitation) and a $50,000 dividends-received deduction, and a $100,000 net operating loss carryover from 2022.
What is LAA Incorporated's charitable contribution deduction for 2023? Assume the charitable donation is not a qualified contribution because LAA Incorporated did not make the necessary election.

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