Under current tax law,a taxpayer has a choice of immediately deducting or capitalizing and amortizing current year research costs.When weighing this decision,the taxpayer should consider

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The taxpayer should consider all of the factors mentioned in the options when deciding whether to immediately deduct or capitalize and amortize current year research costs. The expiring tax deduction carryovers can affect the taxpayer's decision, as well as the current and future marginal tax rates. And the time value of money should also be taken into account since the immediate deduction provides a larger tax benefit in the current year, while capitalizing and amortizing allows for tax benefits to be spread out over future years. Ultimately, the best choice will depend on the specific circumstances of the taxpayer and their financial goals.

Under Current Tax Law,a Taxpayer Has a Choice of Immediately