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Author Question: Why can business investigation expenditures be deducted currently by a taxpayer who is engaged in a ... (Read 88 times)

cagreen833

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on: Sep 13, 2020

Question 1

Super Development Company purchased land in the current year from Riverside Chemicals, Inc.  The land was contaminated with harmful pollutants, so Super Development paid $1,000,000 to remove the contaminants.  What tax issue(s) should be considered before Super files its current year tax return?

Question 2

Why can business investigation expenditures be deducted currently by a taxpayer who is engaged in a line of business similar to the one being investigated, while the same costs must be capitalized and amortized to be deductible by a taxpayer who is not engaged in a similar business?
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by cagreen833 on Sep 13, 2020

DHRUVSHAH

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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cagreen833

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Reply 2 on: Sep 13, 2020
Excellent

bitingbit

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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