Multiple Choice
Tamara operates a natural gas sole proprietorship that incurred $68,000 of intangible drilling costs (IDC) in the current year.Her sole proprietorship's net natural gas income for the year is $72,000. What is the sole proprietorship's current year IDC preference?
A) $6,800.
B) $10,800.
C) $14,400.
D) $46,800.
Correct Answer:
Verified
Correct Answer:
Verified
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