Startup expenditure deduction

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Reference no: EM13825050

Martha was considering starting a new business. During her preliminary investigations, she incurred the following expenditures:

Salaries $22,000

Travel 18,000

Professional fees 13,000

Interest on a short-term note 4,000

Martha begins the business on July 1 of the current year. If Marth elects \SS195 trearment, determine her startup expenditure deduction for the current year.

Reference no: EM13825050

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