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Jasmine started a new business in the current year. She incurred $20,000 of start-up costs. How much of the start-up costs can be immediately deducted
Jasmine started a new business in the current year. She incurred $20,000 of start-up costs. How much of the start-up costs can be immediately deducted (excluding amounts amortized over 180 months) for the year?
Multiple Choice
$0
$2,500
$5,000
$20,000
None of the choices are correct.
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