Liwei owns and operates fast food restaurant in Las Vegas, Nevada. Liwei traveled from Las Vegas to San Jose in early 2022 to discus acquiring a computer retail store. After a number of months of investigation, Liwei does acquire the San Jose computer retail store and begins to operate the San Jose computer retail store on November 17, 2022. During 2022, Liwei incurred and paid 53600 of investigation expense relating to the computer retail store. 

What is the maximum amount Liwei can deduct in 2022 for her investigation expense?

Answer rating: 100% (QA)

In the US tax code investigation expenses for acquiring a new business are generally considered sta... View the full answer