A Corporation's Excess Charitable Contributions Over the Amount Deductible

question 5

Multiple Choice

A corporation's excess charitable contributions over the amount deductible

• A)May be carried back two years and forward 20 years.
• B)May be carried back or forward for two years at the corporation's election.
• C)May be carried forward for a maximum of five succeeding years.
• D)Is not deductible in any future or prior year.