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How should Roberts treat this charitable contribution

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Question - Roberts Corp. is an accrual basis taxpayer. For the year ended December 31, 2020, it had book income before taxes of $305,000 after deduction a charitable contribution of $45,000. The contribution wa sauthorized by the boar dof directors in December 2020 but paid on March 14, 2021. How should Roberts treat this charitable contribution ti minimize its taxable income in 2020?

It can do notining for 2020 but deduct in 2021.

Claim a deduction for $30,500 in 2020 and carryover the balance for a maximum of 5 years.

Claim a deduction for 2019 of $35,000 and carryover the balance for a maximum of 5 years.

Claim a 2020 deduction ofr $45,000.

Reference no: EM132863818

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