T\'s contribution base for the year of the following gifts is $150,000. During t
ID: 2417400 • Letter: T
Question
T's contribution base for the year of the following gifts is $150,000. During the year T makes contributions to Suntan U., an organization within 170(b) (A)(ii) and (2) or to Private Foundation, which is within 170(c)(2) put not within 170(b)(1)(A)(vii). In each of the following circumstances assume all verification requirements are met and determine T's 170 deduction for the current year, and what effect, if any, 170(d)(1)(A) will have: T gives $100,000 cash to Suntan U. T gives $100,000 cash to Private Foundation. T gives $60,000 cash to Suntan U. and $40,000 to Private Foundation. T gives $20,000 to Suntan U. and $80,000 to Private Foundation. T has a freshman daughter who attends Suntan U. and T pays $3,000 tuition for her and makes a $10,000 Sponsors' Club contribution. Children of members of the Sponsors' Club are automatically admitted to Suntan U.Explanation / Answer
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