Describe how a business charitable contribution is treated

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Describe how a business charitable contribution is treated for tax purposes if the business owner is:

A sole proprietor

A 100% corporate shareholder

A partner in a partnership

A 100% S corporation shareholder

Be sure to provide an example of a requirement of a qualified charitable contribution. Also, provide an example of how the different rules might affect a decision to make a charitable contribution.

Reference no: EM13965294

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