Martha was considering starting a new business. During her preliminary investigations related to the new venture, she
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Salaries ........................................$22,000
Travel ...........................................18,000
Interest on short-term note ....................4,000
Professional fees ..............................13,000
Martha begins the business on July 1 of the current year. If Martha elects § 195 treatment, determine her startup expenditure deduction for the current year.
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Related Book For
South Western Federal Taxation 2017 Comprehensive
ISBN: 9781305874169
40th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
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