empe LLC was organized on June 1 and began business on August 1, 2023. Tempe has adopted a calendar year and incurred the following costs during 2023:
Legal fees for drafting the operating agreement $18,000
Syndication costs 19,000
Preopening advertising expenses 20,000
Accounting fees for tax advice of an organizational nature 15,000
Training costs for new employees before opening the business 12,000
Assuming that Tempe is not subject to any phaseout, the maximum amount Tempe can deduct as startup costs on its tax return for 2023 is:
