Which of the following statements is correct concerning how the individual's charitable deduction is computed?...
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Accounting
Which of the following statements is correct concerning how the individual's charitable deduction is computed? A. The deduction is based on the present value of the remainder interest of the trust. B. The deduction is based on the value of the property the charity actually receives. C. The deduction is equal to the amount contributed to the trust. D. The present value is computed using the section 5227 rates.
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