Yes, you can deduct it as part of your startup costs of a business. According to the IRS guideline, you are allow to deduct $5,000 in business startup costs and $5,000 in organizational costs, but only if your total startup costs are $50,000 or less. If your startup costs for either area exceed $50,000, the amount of your allowable deduction will be reduced by that dollar amount. Please see this IRS link for more information: https://www.irs.gov/publications/p535/ch08.html#en_US_2016_publink1000208939
