Can a s-corp make charitable deductions and take a deduction for them?
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Charitable deductions by an s-corp are passed through to the shareholders via the K-1."The only function of economic forecasting is to make astrology look respectful" - John Kenneth Galbraith -
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what line do they appear onComment
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Line 12, along with the appropriate Code (depending upon the type of contribution) per the K-1 instructions"The only function of economic forecasting is to make astrology look respectful" - John Kenneth GalbraithComment
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