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  3. Study Set
    Fundamentals of Taxation
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    Exam 5: Itemized Deductions
  5. Question
    Individual Taxpayers May Carry Forward for Five Years Charitable Contributions
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Individual Taxpayers May Carry Forward for Five Years Charitable Contributions

Question 3

Question 3

True/False

Individual taxpayers may carry forward for five years charitable contributions that are not allowed as a deduction in the current year due to the adjusted gross income limitation.

Correct Answer:

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