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Crimson Corp. was organized as a calendar year corporation in January 2016, incurring $51,000 in qualified organizational expenses, and began business in March 2016. What
Crimson Corp. was organized as a calendar year corporation in January 2016, incurring $51,000 in qualified organizational expenses, and began business in March 2016.
What is the maximum amount Crimson may deduct for organizational expenditures on its 2016 corporate tax return?
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