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Jeannie started a new business on June 7, 2021. She incurred $68,000 in start-up costs. She will deduct the maximum allowed on her first tax

Jeannie started a new business on June 7, 2021. She incurred $68,000 in start-up costs. She will deduct the maximum allowed on her first tax return and then amortize the remainder. What amount will she deduct as a start-up expense for the current year?

$0

$680

$5,000

$6,800

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