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ABC LLC , a calendar year partnership, incurred $ 8 , 6 0 0 of organizational costs and $ 1 0 , 0 0 0

ABC LLC, a calendar year partnership, incurred $8,600 of organizational costs and $10,000 of syndication costs before the active business began on July 1, Year 1. How much can ABC LLC deduct on its initial-year return?
a.18,600
b.5,120
c.10,000
d.0

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