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How much deduction will fast track corporation

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Reference no: EM131776205

Fast Track Corporation, a calendar year C Corporation, is formed and begins business on April 1, 2015. Fast Track incurs the following transactions in connection with the formation of the business:

Organizational expenditures of $54,000

How much deduction will Fast Track Corporation be able to take as organizational expenditures for 2015?

Reference no: EM131776205

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