Individual Income Taxes
Individual Income Taxes
43rd Edition
ISBN: 9780357109731
Author: Hoffman
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Chapter 10, Problem 14DQ

LO.6, 8 William, a high school teacher, earns about $50,000 each year. In December 2019, he won $1,000,000 in the state lottery. William plans to donate $100,000 to his church. He has asked you, his tax adviser, whether he should donate the $100,000 in 2019 or 2020. Identify the tax issues related to William’s decision.

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Individual Income Taxes

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