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Tom has a successful restaurant in Salt Lake City and would like to open a new location in Provo. Tom incurs $93,000 in expenses to
Tom has a successful restaurant in Salt Lake City and would like to open a new location in Provo. Tom incurs $93,000 in expenses to open the restaurant and its doors open October 1st . Determine the amount of start-up expenses Tom can deduct in the current year for investigating and opening this business on his 2020 tax return.
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