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Kiki, who incurred intangible drilling costs (IDC) of $112,600 during the year, deducted that amount. Her net oil and gas income for the year was

Kiki, who incurred intangible drilling costs (IDC) of $112,600 during the year, deducted that amount. Her net oil and gas income for the year was $135,120. Currently, Kiki has no income from geotherma...

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