Tina operates travel agency in Houston. She travels to Chicago to buy Restaurant After doing some research , She decided not to buy the Restaurant and spent $15,000 for travel and other expenses in Chicago a b How to deduct $15,000 expenses in her 2020 tax return. Nothing is deductible, since she did not acquire the business. She also goes to Nebraska to acquire a Home Health Agency. She acquired the Home Agency in October 1, 2020 and spent $5200 in investigating Home Health Agency Calculate her deduction for investigating this Agency. Immediate deduction=5000-(52000-50000) 3,000 you lose dollar for dollar over 50000 817 Remaining amortize over 180 months-(52000-3000)*3/180-four months from October 1 Total Deduction-3000+783 3,817