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LO.3 Stanford owns and operates two dry deaning businesses. He travels to Boston to discuss acquiring a restaurant. Later in the month, he travels to

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LO.3 Stanford owns and operates two dry deaning businesses. He travels to Boston to discuss acquiring a restaurant. Later in the month, he travels to New York to discuss acquiring a bakery. Stanford does not acquire the restaurant but does purchase the bakery on November 1, 2019. Stanford incurred the following expenses Total investigation costs related to the restaurant $28,000 Total investigation costs related to the bakery $1,000 What is the maximum amount Stanford can deduct in 2019 for investigation expenses

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