Special Deductions and Limitations (LO 11.3)

Beech Corporation, an accrual basis calendar year taxpayer, was organized and began business in June 1st of the current calendar tax year. During the current year, the corporation incurred the following expenses:

State fees for incorporation $ 680

Legal and accounting fees incident to organization 4,150

Expenses for the sale of stock 2,100

Organizational meeting expenses 750

Assuming that Beech Corporation does not elect to expense but chooses to amortize organizational expenditures over 15 years, calculate the corporation's deduction for its current calendar tax year. $_______