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On July 1st, 2019, Pranay and Trinh incorporates a partnership called PT Financial Management, LLC to...

On July 1st, 2019, Pranay and Trinh incorporates a partnership called PT Financial Management, LLC to undertake business as a broker in the stock market. The organizational expenses, lawyer’s fees etc comes to $150,000. How much can PT deduct on if first year return ending 12/31/2019?

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