topic I had expenses associated with a business valuation but did not buy the business. Can I deduct these expenses? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-had-expenses-associated-with-a-business-valuation-but-did-not-buy-the-business-can-i-deduct-these/01/285376#M34716 Mon, 03 Jun 2019 17:33:12 GMT icemanfromri 2019-06-03T17:33:12Z I had expenses associated with a business valuation but did not buy the business. Can I deduct these expenses? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-had-expenses-associated-with-a-business-valuation-but-did-not-buy-the-business-can-i-deduct-these/01/285376#M34716 Mon, 03 Jun 2019 17:33:12 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-had-expenses-associated-with-a-business-valuation-but-did-not-buy-the-business-can-i-deduct-these/01/285376#M34716 icemanfromri 2019-06-03T17:33:12Z I am not a CPA, but, if the valuation was to purchase the... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-am-not-a-cpa-but-if-the-valuation-was-to-purchase-the/01/285382#M34717 <P>I am not a CPA, but, if the valuation was to purchase the business for investment purposes, then it should qualify as an investment expense.&nbsp; Just as you can deduct expenses for investment portfolio advice, etc., the appraisal helped you to determine if the business was a wise investment choice.&nbsp; In the case, you decided based on the appraisal that it was not a wise investment choice.</P> Mon, 03 Jun 2019 17:33:13 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-am-not-a-cpa-but-if-the-valuation-was-to-purchase-the/01/285382#M34717 gehinious 2019-06-03T17:33:13Z