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Please Choose the True Statement

Question 5

Multiple Choice

Please choose the true statement.


A) A charitable contribution may be deducted on Schedule A for donations to the mayor's campaign.
B) A taxpayer may deduct the value of a car donated to charity,but may not claim a deduction greater than the amount for which the charity actually sells the vehicle.
C) Generally,if charitable contributions are greater than the 50 percent adjusted gross income limitation,they can be carried back 2 years and then forward 5 years.
D) Raffle tickets for a church drawing are deductible.

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