Indo Corporation was organized on January 4 2018, and began active business on January 5 , 2018.

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Indo Corporation was organized on January 4 2018, and began active business on January 5 , 2018. Indo incurred the following expenses in connection with creating its business.

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What is the maximum amount of organizational expenses which may be deducted by Indo on its 2018 tax return?

a. \(\$ 1,300\)

b. \(\$ 1,700\)

c. \(\$ 1,850\)

d. \(\$ 2,550\)

e. None of the above

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CCH Federal Taxation 2019 Comprehensive Topics

ISBN: 9780808049081

2019 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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