Stanford owns and operates two dry cleaning businesses. He travels to Boston to discuss acquiring a restaurant. Later in the month, he travels to New York to discuss acquiring a bakery. Stanford does not acquire the restaurant but does purchase the bakery on November 1, 2022. Stanford incurred the following expenses:

What is the maximum amount Stanford can deduct in 2022 for investigation expenses?

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Total investigation Total investigation costs related to the restaurant costs related to the bakery $28,000 51,000