Ellie, a Calendar Year Individual, Wants to Make a Gift

question 108

Multiple Choice

Ellie, a calendar year individual, wants to make a gift to a charity that is deductible on her year 1 Form 1040. The gift must be made by Ellie:

• A) During year 1.
• B) During years 1 and 2.
• C) On or before April 15, year 2.
• D) On or before September 30, year 2.

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Definitions:

Inferences

The process of drawing conclusions or making logical judgments based on evidence or reasoning.

Logical

Pertaining to or characterized by clear, sound reasoning.

Succinct

Characterized by clear, precise expression in few words; concise and to the point.

Summary

A concise or comprehensive synthesis that presents the main points or highlights from a longer piece of writing or series of events.