Can A Check Dated In One Calendar Year Be Credited To A Different Calendar Year For Tax Deduction Purposes?
Bloomerang
MARCH 8, 2024
SEE In Which Year Are Gifts Made On Or Before December 31, But Received In January, Counted? Generally, possession is determined by who has control of the money at any point in time. Whenever the gift leaves the donor’s possession – and they can’t get it back – that’s when the gift is considered made.
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