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Jeremy traveled to a neighboring state to investigate the purchase of two automobile dealerships. His expenses included travel, legal, accounting, and miscellaneous expenses. The total

Jeremy traveled to a neighboring state to investigate the purchase of two automobile dealerships. His expenses included travel, legal, accounting, and miscellaneous expenses. The total was $55,000. He incurred the expenses in March and April of 2018. In each of the following scenarios, what can Jeremy deduct in 2018?

Jeremy acquired the two automobile dealerships but was not in the automobile dealership business when he acquired them. Operations began on August 1, 2018.

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