CPA Exam Section: Regulation
CPA Review Topic: Individual Taxation
Question: Charitable contributions subject to the 50% limit that are not fully deductible in the year made may be
a. Neither carried back nor carried forward.
b. Carried back 2 years or carried forward 20 years.
c. Carried forward indefinitely until fully deducted.
d. Carried forward 5 years.
Source: Wiley Test Bank