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The answer is NOT $1,528.

Jeremy traveled to a neighboring state to investigate the purchase of two automobile dealerships. His expenses included travel, legal, accounting, and miscellaneous expenses. The total was $55,000. He incurred the expenses in March and April of 2019. In each of the following scenarios, what can Jeremy deduct in 2019? In your computations, round the per month amount to the nearest dollar. If an amount is zero, enter "o". a. Jeremy was in the automobile dealership business and did not acquire the two automobile dealerships. 55,000 b. Jeremy was in the automobile dealership business. He acquired the two automobile dealerships and began operating them on August 1. 2019. 55,000 c. Jeremy did not acquire the two automobile dealerships and was not in the automobile dealership business. 0 d. Jeremy acquired the two automobile dealerships but was not in the automobile dealership business when he acquired them. Operations began on August 1, 2019 1,528 x Tech Check My Work Investigation expenses are expenses paid or incurred to determine the feasibility of entering a new business or expanding an existing business They include such costs as travel engineering and architectural surveys, marketing reports, and various legal and accounting services. How such expenses are treated for tax purposes depends on a number of variables, including the following: (1) The current business, if any of the taxpayer (2) The nature of the business being investigated. (3) The extent to which the investigation has proceeded and (4) Whether the acquisition actually takes place

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