Kim Owns and Operates a Restaurant on the North Side

question 162

Multiple Choice

Kim owns and operates a restaurant on the north side of Indianapolis. She is considering opening a day care center on the south side of town and incurs $10,400 of investigation expenses. In July of the current year, Kim opens the day care center. How much of the investigation expenses can Kim deduct in the current year?

• A)$- 0 -
• B)$5,000
• C)$1,540
• D)$5,180
• E)$10,400