Charitable giving and taxes

[Bill Hinshaw]

I have a flipping business structured as an LLC. We just sold our first flip and made a profit. With respect to taxes and charitable giving, should I give from the LLC or take a distribution from the LLC and give out of personal funds? Is there a difference in tax treatment of either?

Thanks in advance!

[Steven Hamilton II]

There is no difference, it will not change your AGI. It will be Carried to Schedule A of your personal return either way. Even if you're taxed as n S-corp, partnership or sole proprietor.