Eaton, LLP owns several apartment complexes and office buildings. The leasing and management of these buildings constitutes Eaton's only business activity. During 2022, Eaton incurred the ollowing: View the expenses incurred. Read the requirements. Requirement a. What is the total amount Eaton may deduct because of these expenditures? Eaton may deduct A. only the cost of the billboard, travel expenses for the trip to the state capital, and the cost of the presentation. The remainder of the expenditures were incurred to influence legislation. B. in-house expenditures for airfare and hotel bills and the costs for making a presentation to the county council protesting a proposed increase in the property tax levy, which are below the ceiling of $2,000 for the de minimis exception. OC. only the cost of making the presentation before a local council which was dealing with legislation that was of direct interest to Eaton's business and is less than the de minimis exception. OD. none of the expenditures. Sec. 162(e) prohibits the deduction of lobbying and political expenses, and after 2017, this prohibition includes local political and lobbying costs. Furthermore, the total expenditures exceed the de minimis exception. (Enter a "0" if none of the expenses are deductible.) In this scenario, Eaton's total deduction is 650

ollowing: Sew the expenses incurred. Aead the requiroments. Requirement a. What is the total amount Eaton may deduct because of these expendtures? Eaton may deduct celling of $2.000 for the de minimis exception. total expenditures exceed the de minimis excepton. (Enter a " 0 " if none of the expenses are deductiole) In this scenario, Eatoris total deduction is