Oleander Corporation, a calendar year entity, begins business on March 1, 2019. The corporation incurs startup expenditures

Question:

Oleander Corporation, a calendar year entity, begins business on March 1, 2019. The corporation incurs startup expenditures of $64,000. If Oleander elects § 195 treatment, determine the total amount of startup expenditures that it may deduct for 2019.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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