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Which of the following is untrue about start-up costs? a) The costs must be incurred in the same line of business you are already in
Which of the following is untrue about start-up costs?
a) The costs must be incurred in the same line of business you are already in
b) Amounts not expensed immediately are amortized over 15 years
c) The first $5,000 is potentially deductible in the year business begins.
d) The costs are not deductible if you do not actually start the business.
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