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Problem $16-50($LO $16-2)($Static$)$

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In $2024,$ OCC Corporation made a charitable donation of $$400,000$ to the International Rescue Committee $($a qualifying charity$).$ For the year, OCC reported taxable income of $$1,500,000$ before deducting any charitable contributions, before deducting its $$20,000$ dividends$-$received deduction, and before deducting its $$40,000$ NOL carryover from last year.

Problem $16-50$ Part b $($Static$)$

b$.$ Assume that in $2025,$ OCC did not make any charitable donations and that it is allowed to deduct its full charitable contribution carryover, if any, from $2024.$ What book$-$tax difference associated with the charitable contributions will OCC report in $2025?$ Is the difference favorable or unfavorable? Is it permanent or temporary?