Exam Question 13 of 50 Select the best answer. Which of the following does not a

Question

Exam Question 13 of 50 Select the best answer. Which of the following does not accurately describe the charitable contribution deduction of a trust or estate computed on Schedule A of Form 1041? A trust or estate is limited to a maximum charitable contribution d 50% of the trust or estate's adjusted gross income. A deductible charitable contribution must be authorized pursuant to the terms of the governing instrument for the trust or estate. A deductible contribution must be made from amounts included in gross income of the trust 0 A. or estate. O D, A trust or estate may elect to claim the deduction in the year prior to the year in which the deductible contribution was made. Submit Answers Exit & Res Exam, Question Q 13 89% Complete

Explanation / Answer

The Answer is 'D'

D. A trust or estate may elect to claim the deduction in the year priop to the year in which the

deductible contribution eas made.

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