[1] Lisa incurred the following business exnaneae during the year: What are Lisa's allowable current-year...
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[1] Lisa incurred the following business exnaneae during the year: What are Lisa's allowable current-year deductions? A. $9.835 B. $6,635 C. $12,150 D. $12,335 June 1, Year 1. Lingch had the following erganizationatexpenses Start up expenfes What is Linger's maximum organizational expense deduction for Year 1 ? A. $5.257 B. $280 C. $5,000 D. $5,086 [3] In the current year, Theresa made a gift of jewelry with an adjusted basis of 56,000 to joan. The FMV at the time of the gift was $5.000. Theresa paid a gift tax of $1,200. What are Joan's bases for computing gain and loss
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