Got a tax question? Adam Berebitsky of SS&G Financial Services has answers (800-869-1834). We are currently opening a second location and are projecting a substantial amount of pre-opening costs. What kind of deduction can we expect for the costs? Prior to the American Jobs Creation Act of 2004, pre-opening costs incurred by a new entity could not be deducted in the year incurred and had to be amortized over a 60-month period beginning on the date which the restaurant opened for ...
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