Prestige Car Wash, a general partnership, incurred $2,300 of start-up expenses during year 1 and $1700 in
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Prestige Car Wash, a general partnership, incurred $2,300 of start-up expenses during year 1 and $1700 in year 2. Prestige began business in February year 2. How much of the start-up costs can Prestige deduct in year 2?
Expert Answer:
In general business startup costs can be deducted but there are limitations The IRS a... View the full answer
Related Book For 
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
