much can ABC LLC deduct on its initial -year return?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:ABC LLC, a calendar year partnership, incurred $8,600 of organizational costs and $
10,000 of syndication costs before the active business began on July 1, Year 1. How
much can ABC LLC deduct on its initial - year return?
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