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What is the amount of organization expenses

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Question - A newly formed corporation elected to use a fiscal year ending June 30. On July 17, 2016, the corporation began business and incurred $8,000 of qualified organizational expenses. Assuming that the corporation properly elected to deduct/amortize these costs, what is the amount of organization expenses that it should deduct on its tax return for the fiscal year ending June 30, 2017?

Reference no: EM131578152

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