Question

Which of the following does not accuratetly describe the charitable contributions deduction of a trust or...

Which of the following does not accuratetly describe the charitable contributions deduction of a trust or estate computed on Schedule A of Form 1041?

A. A trust or estate is limited to a maximum charitable contribution deduction of o morw than 50% of the trust or estate's adjusted gross income .

B. A deducible charitable contribution must be authorized pursuant to the terms of the governig instrument for the trust or estate.

C. A deductible contribution must be made from amounts included in gross income of the trust or estate.

D. A trust or estate may elect to claim the deduction in the year prior to the year in which the deductible contribution was made.

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Answer #1

Answer :

Option(A) is Correct from the given Options That is -

A Trust or estate is limited to a maximum charitable contribution deduction of no more than 50% of the trust or estate's adjusted gross income .

Explanation -

A Trust or Estate isn't Limited to any greatest Amount of Deduction of Charitable Contributions dissimilar to the Individuals who are simply restricted to 50% of their AGI for Charitable Contribution Deduction,Trust can take a Deduction Up to 100% of Net Income for any year given .

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