Charitable contribution carryovers bonnies charitable


Charitable Contribution Carryovers. Bonnie's charitable contributions and AGI for the past 4 years were as follows: AGI: $50,000 (2012); $55,000 (2013); $58,000 (2014); $60,000 (2015); and Contributions subject to the 50% limitation: $40,000 (2012); $29,000 (2013); $25,000 (2014); and $10,000 (2015). What is the amount of the charitable deduction for each year and the order in which the deduction and carryovers are used?

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Business Economics: Charitable contribution carryovers bonnies charitable
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