In 2021, I bought a set of data to do some analysis of markets for my company that is incorporated in January 2022. The purpose of buying the data is to verify whether my ideas can work to develop some potential products or services if the company is really established. I wonder if the cost of the data can count as "Startup Cost" as it seems like it is for market survey. But I am not sure because I found on IRS's website, it also says
"Nonqualifying costs. Startup costs don't include deductible interest, taxes, or research and experimental costs." I am not sure whether "verifying ideas for product development" will make the expense ineligible.
Another thing to note is that I became a member of the company in May 2022 after the company is registered in January 2022. Will that cause any issue if the expense can be counted as startup costs?
