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Business, 01.11.2019 06:31 friendsalwaysbae

Stanford owns and operates two dry cleaning businesses. he travels to boston to discuss acquiring a restaurant. later in the month, he travels to new york to discuss acquiring a bakery. stanford does not acquire the restaurant but does purchase the bakery on november 1, 2019. stanford incurred the following expenses: total investigation costs related to the restaurant= $28,000 total investigation costs related to the bakery= $51,000 what is the maximum amount stanford can deduct in 2019 for investigation expenses?

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