Ingol,Inc.was organized on June 1 and began business on September 13.Ingol elected a calendar year for tax purposes.The corporation incurred $60,300 of legal and other professional fees attributable to its formation.How much of these costs can Ingol deduct on its first tax return?
A)-0-
B)$1,340
C)$6,229
D)None of the above

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The Answer of Ingol,Inc.was organized on June 1 and began business on September 13.Ingol elected a calendar year for tax purposes.The corporation incurred $60,300 of legal and other professional fees attributable to its formation.How much of these costs can Ingol deduct on its first tax return?
A)-0-
B)$1,340
C)$6,229
D)None of the above

Ingol,IncWas Organized on June 1 and Began Business on September