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NACVA Exam CVA Topic 2 Question 95 Discussion

Actual exam question for NACVA's Certified Valuation Analysts exam
Question #: 95
Topic #: 2
[All Certified Valuation Analysts Questions]

No deduction is allowed for any charitable contribution of ________ or more unless the taxpayer substantiates the contribution by a contemporaneous written acknowledge from the donee organization of the contribution.

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Suggested Answer: D

by Miesha at Sep 13, 2024, 02:21 AM

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Dorethea
10 days ago
I think the answer is E) A Ferrari. That's the only way the IRS will let me write off my charitable donations these days.
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Aracelis
14 days ago
I think the answer is D) $250 because I remember learning that the threshold is lower.
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Alaine
16 days ago
A) $300 - the good old days when a few Benjamins could get you out of a tax headache. Those were the times!
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Zona
5 days ago
A) $300 - I remember those days too, it was much simpler back then.
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Callie
18 days ago
D) $250? Really? That's practically pocket change these days. The IRS must be feeling generous.
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Elouise
20 days ago
Because I remember reading that the threshold for charitable contributions is $350.
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Ernestine
24 days ago
C) $350 seems like the logical choice. Anything less than that and the IRS would be all over us like a bad rash.
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Vannessa
25 days ago
I think the answer is B) $400. I can't imagine the IRS letting us get away with charitable contributions of less than that without proof.
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Jeannetta
17 days ago
I think it's C) $350.
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Tran
22 days ago
I believe the answer is A) $300.
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Shaquana
26 days ago
Why do you think it's C) $350?
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Elouise
27 days ago
I disagree, I believe the answer is C) $350.
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Shaquana
1 months ago
I think the answer is A) $300.
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