The Julius Trust made a gift to the United Charity on August 1,Year Two,from its Year One business profits.The trust's charitable contribution deduction can be claimed in either Year One or Year Two.

Question

Quizplus · Accepted Answer

The Julius Trust can choose to claim its charitable contribution deduction in either Year One or Year Two, so it is true that the deduction can be claimed in Year Two even though the gift was made from Year One profits.

The Julius Trust Made a Gift to the United Charity