A Charitable Contribution in Excess of the Deduction Limit for One

question 35

True/False

A charitable contribution in excess of the deduction limit for one taxable year can be carried forward five years.

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Definitions:

Property Crime

Crimes that involve the theft or destruction of someone else's property, including burglary, larceny, auto theft, and arson.

Violent Crime

Offenses that involve force or the threat of force against individuals, including murder, assault, and robbery.

Armed Robberies

The act of stealing from someone or somewhere using weapons and force.

Organized Crime

Highly structured criminal networks engaged in illegal activities for profit, often involving extortion, drug trafficking, and corruption.