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Nick and Ava Each Own a 20% Interest in the Tanager

Question 160

Essay

Nick and Ava each own a 20% interest in the Tanager Partnership. For the current year, one of the pass-through items is a charitable contribution. On their individual income tax returns, Nick can deduct his share of the charitable contribution but Ava cannot. What could cause the disparity in results?

Correct Answer:

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Most likely, Ava is claiming the standar...

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