What amount of these investigation costs can angel deduct

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Reference no: EM13754193

While she was a college student, angel lived by a bookstore located near campus. she thinks a bookstore located on the other side of campus would be successful. she incurs expenses of 42,800 (legal fees, accounting fees, marketing survey, etc.) in exploring it business potential. her parents have agreed to loan her the money required to start the business. what amount of these investigation costs can angel deduct if:

a. She opens the bookstore on august 1 2014.

b. She decides not to open the bookstore.

Reference no: EM13754193

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