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What is the sole proprietorship current year idc preference

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Reference no: EM132712702

Tamara operates a natural gas sole proprietorship that incurred $68,000 of intangible drilling costs (IDC) in the current year. Her sole proprietorship's net natural gas income for the year is $72,000.

Problem 1: What is the sole proprietorship's current year IDC preference?

Reference no: EM132712702

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