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  3. an s corp makes a charitable contributio of $5000

an S corp makes a charitable contributio of $5000 and it is a pass through...

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Accounting

an S corp makes a charitable contributio of $5000 and it is a pass through entity. is this 5000 deductible at s corp level and reduces their 50k income to 45k or does the contribution pass to shareholders instead and does not reduce business income?

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