In 2018 the XYZ Partnership incurred the following expenses:

If XYZ began business on August 1, 2018, how much in total of these expenses could \(\mathrm{XYZ}\) deduct (including amortization)?

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Expenses of selling partnership interests Attorney's fees for drafting partnership agreement Expenses of transferring title of property to partnership Accounting fees to organize partnership $10,000 30,000 8,000 22,000