Peter has adjustedrgross income of $48,000 in the current year. He contributes $27,000 to his church and $6,000 to a private non-operating foundation. What is the amount of Peter's charitable contribution deduction, and the amount and character to be carried over assuming no elections to disregard percentage limits?
Peter has adjustedrgross income of $48,000 in the current year. He contributes $27,000 to his church and $6,000 to a private non-operating foundation. What is the amount of Peter's charitable contribution deduction, and the amount and character to be carried over assuming no elections to disregard percentage limits?
Chapter10: Deductions And Losses: Certain Itemized Deductions
Section: Chapter Questions
Problem 3CPA
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Transcribed Image Text:Peter has adjusted gross income of $48,000 in the current year. He contributes
$27,000 to his church and $6,000 to a private non-operating foundation. What is
the amount of Peter's charitable contribution deduction, and the amount and
character to be carried over assuming no elections to disregard percentage limits?
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