Rebecca is the head chef at a local restaurant and is exploring the possibility of leaving her

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Rebecca is the head chef at a local restaurant and is exploring the possibility of leaving her current job and opening her own restaurant in a nearby town. She has spent $15,000 investigating potential locations for the restaurant and $14,000 on an analysis of the demand for a restaurant specializing in Asian cuisine. Write a letter to Rebecca explaining the proper tax treatment of the investigation expenses.

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Concepts In Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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