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Joined 10 months ago
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Cake day: November 17th, 2023

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  • It sounds to me like you’re building a portfolio and making contacts in order to develop a future line of business. If so, then yes it’s deductible from other lines of business. Is it good business to travel all of that way? That’s for you to decide, but as long as the expenses are reasonable the IRS won’t question them. You are expected to show an overall profit eventually. (This is what my CPA told me.)