Boyce Inc., a calendar year corporation, incurred orgnaizational costs of $13,000 and start up costs of $52,000
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Boyce Inc., a calendar year corporation, incurred orgnaizational costs of $13,000 and start up costs of $52,000 in 2019. Boyce started business on August 3, 2019. What is the maximum deduction for organizational and start up costs for Boyce in 2019 and what is Boyce's 2020 deduction for the same costs?
Organizational Costs:
2019 deduction is $_____________
2020 deduction is $_____________
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