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Not wanting to hijack your thread but similar question so thought I’d post it here.

Example: If your new business was to be selling a product/products that businesses would use in their production line, and during your research phase you had to test the products, so you were certain of the quality etc before you could approach businesses for market research. Can this be tax deductable if A: the business doesn’t go ahead / B: The business goes ahead.

My product testing is going to set me back $2000 – $2500 and this is before I can approach any businesses, to gauge their acceptance of the products.