During 2008,Violet Corporation (a calendar year taxpayer)had the following income and expenses:

In addition to the above,Violet had a domestic production activities deduction of $3,000,and a charitable contribution carryover (originating in 2004)of $6,000.
A)What is Violet's charitable contribution deduction for 2008?
B)If any of Violet's charitable contributions are not deductible in 2008, how is such excess treated?

Question

During 2008,Violet Corporation (a calendar year taxpayer)had the following income and expenses:

In addition to the above,Violet had a domestic production activities deduction of $3,000,and a charitable contribution carryover (originating in 2004)of $6,000.
A)What is Violet's charitable contribution deduction for 2008? 
B)If any of Violet's charitable contributions are not deductible in 2008, how is such excess treated?

Quizplus · Accepted Answer

The Answer of During 2008,Violet Corporation (a calendar year taxpayer)had the following income and expenses:

In addition to the above,Violet had a domestic production activities deduction of $3,000,and a charitable contribution carryover (originating in 2004)of $6,000.
A)What is Violet's charitable contribution deduction for 2008? 
B)If any of Violet's charitable contributions are not deductible in 2008, how is such excess treated?

During 2008,Violet Corporation (A Calendar Year Taxpayer)had the Following Income