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If a contribution to a qualified plan is made in one year but designated for federal purposes as being the contribution for the prior year, to which year does the deduction from net earnings apply?

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If a contribution to a qualified plan is made in one year but designated for federal purposes as being the contribution for the prior year, to which year does the deduction from net earnings apply?

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The deduction will apply to the prior year, that is, the year designated for federal purposes as the year to which the contribution applies.

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