Egret Corporation, a calendar year C corporation, was formed on March 6, 2022, and opened for business
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Egret Corporation, a calendar year C corporation, was formed on March 6, 2022, and opened for business on July 1, 2022. After its formation but prior to opening for business, Egret incurred the following expenditures:
What is the maximum amount of these expenditures that Egret can deduct in 2022?
Transcribed Image Text:
Accounting Advertising Employee payroll Rent Utilities $ 7,000 14,500 11,000 8,000 1,000
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All 41500 of the expenditures are startup expenditures Egret can ...View the full answer
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Related Book For
South Western Federal Taxation 2023 Essentials Of Taxation Individuals And Business Entities
ISBN: 9780357720103
26th Edition
Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young
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