The expenses incurred to investigate the expansion of an existing business are deductible even if the expansion is not accomplished.

Question

Quizplus · Accepted Answer

According to the IRS, expenses incurred to investigate and evaluate the expansion of an existing business are considered startup costs and are deductible even if the expansion is not ultimately carried out. These expenses must be amortized over a period of 180 months (15 years) beginning in the month in which the business begins operations.

The Expenses Incurred to Investigate the Expansion of an Existing