William, a high school teacher, earns about $50,000 each year. In December 2019, he won $1,000,000 in

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William, a high school teacher, earns about $50,000 each year. In December 2019, he won $1,000,000 in the state lottery. William plans to donate $100,000 to his church. He has asked you, his tax adviser, whether he should donate the $100,000 in 2019 or 2020. Identify the tax issues related to William’s decision.

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Related Book For  answer-question

South-Western Federal Taxation 2020 Comprehensive

ISBN: 9780357109144

43rd Edition

Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman

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