In December 2017, Swallow Company's board authorizes a cash donation of $60,000 to the Hamilton County School District. The amount authorized is paid to the county in two $30,000 amounts in January and May 2018. Presuming a calendar year and accrual method taxpayer, when is the charitable contribution deduction available if Swallow Company is a:
a.Partnership?
b.C (regular) corporation?
Correct Answer:
Verified
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