Question: years ( see 1 5 0 4 ( a ) ( 3 ) . 4 7 . A newly formed corporation incurs start up expenditures

years (see 1504(a)(3).
47. A newly formed corporation incurs start up expenditures in the amount of $53,000. Once it begins its active trade
or business;
a. How much is it entitled to deduct currently $
b. How much must it capitalize and amortize

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