Henrietta, the owner of a very successful hotel chain in the Southeast, is exploring the possibility of expanding the chain into
a city in the Northeast. She incurs $35,000 of expenses associated with this investigation. Based on the regulatory environment for hotels in the city, she decides not to expand. During the year, she also investigates opening a restaurant that will be part of a national restaurant chain. Her expenses for this are $53,000. She proceeds with opening the restaurant, and it begins operations on September 1.
The amount that Nancy can deduct in the current year for investigating these two businesses.
Nancy could deduct the $35,000 for hotel investigation expenses.
Nancy can deduct $2,000 + $1133 = $3,133 of the restaurant expenses the first year and then the other $51,000 over a period of 180 months, that is $1133 per month.
With the Control+C method, you copy the text. With the Control+V method, you paste it. You do not remove any of the text and instead create a duplicate
