Capitalizing vs. Deducting (Also For Reconciliation)

Amounts paid to landscape the grounds around a building or other structure used primarily to earn income

• Deduct from acctg income

• amounts paid in the year are deductible ITA

Amounts paid to lobby a govt or public body in respect of the taxpayer’s business, including representations to obtain a license, permit, franchise, or trademark

• Deduct from acctg income

Amounts paid to investigate the suitability of a site for a building or other structure the taxpayer plans to use in connection with a business

• Deduct from acctg income

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