If total profits are 0 and qualifying charitable donations are 1400, then should it be show like this: Total Profits 0 Qualifying charitable donations (1400) Taxable total profits 0 or should it be shown like this : Total profits 0 Qualifying charitable donations 0 Taxable total profits 0 Which is correct
It doesn’t matter which way but personally I would show the actual amount of QCD paid as I show in the study notes – the main issue is that the TTP is NIL