How much of the start-up costs can be immediately expensed

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Oksana started an LLC on November 2 of the current year. She incurred $47,000 of start-up costs.

Question 1: How much of the start-up costs can be immediately expensed for the year?

Question 2: How much amortization may Oksana deduct in the first year?

Reference no: EM132482481

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