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You decide to investigate starting a baby clothing boutique. In 2016, you spend $3, 500on surveying potential locations and some initial logo designs. You decided
You decide to investigate starting a baby clothing boutique. In 2016, you spend $3, 500on surveying potential locations and some initial logo designs. You decided to buy a location to open your boutique in 2017 and pay $4,000 in property taxes in both 2016 and 2017. What are your 2016 deductions? What are your 2017 deductions? A. 2016 $7, 500; 2017 $4,000 B. 2016 S4,000; 2017 $7, 500 C. 2016 $0; 2017 $7, 500 D, 2016 $0; 2017 $9, 167 E. 2016 $4,000; 2017 $4.000
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