Identify Which of the Following Statements Is True

question 87

Multiple Choice

Identify which of the following statements is true.

• A)The charitable contribution deduction is computed after the deduction for an NOL.
• B)The charitable contribution deduction is computed after the dividends-received deduction.
• C)The NOL deduction claimed by a corporation must be taken after the dividends-received deduction.
• D)All of the above are false.

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