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Lee owns an ice cream store in Miami. She is considering opening a laundromat in Fort Lauderale and would incur $51,500 of investigation expenses. What
Lee owns an ice cream store in Miami. She is considering opening a laundromat in Fort Lauderale and would incur $51,500 of investigation expenses. What are the tax consequences for Lee in the following scenarios?
a. Scenario A: Lee opens the laundromat on May 1 of the current year.
b. Scenario B: Lee does not open the laundromat on May 1 of the current year.
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