Jenny Corporation, a C corporation, donated clothing inventory (basis of $85,000 and fair market value of $97,000)

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Jenny Corporation, a C corporation, donated clothing inventory (basis of $85,000 and fair market value of $97,000) to a qualified charitable organization that operates shelters.

Compute the charitable contribution deduction, ignoring the percentage limitation. Give reference.

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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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Posted Date: Mar 09, 2024 07:08 AM

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Jenny Corporation, a C corporation, donated clothing inventory (basis of $85,000 and fair market value of $97,000)

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South Western Federal Taxation 2016 Corporations Partnerships Estates And Trusts

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