QUESTION 41

1. Charitable contributions that exceed the percentage limitations for the current year can be carried over for up to a maximum of three years.

   True

   False

QUESTION 42

1. Ryan has the following capital gains and losses for 2018: $6,000 STCL, $5,000 28% gain, $2,000 25% gain, and $6,000 0%/15%/20% gain. Which of the following is correct:

   	a.	The net capital gain is composed of $5,000 28% gain and $2,000 0%/15%/20% gain.
   	b.	The net capital gain is composed of $3,000 28% gain, $2,000 25% gain, and $2,000 0%/15%/20% gain.
   	c.	The net capital gain is composed of $1,000 25% gain and $6,000 0%/15%/20% gain.
   	d.	The net capital gain is composed of $1,000 28% gain and $6,000 0%/15%/20% gain.