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Can I deduct expenses even if I have made no sales?
Q: I'm starting a company and have purchased equipment and supplies to be used for product development. I haven't sold anything this year but can I still deduct these expenses?
A: If you are developing a product for sale with intentions to make a profit (not as a hobby, for instance), you will be able to deduct expenses even if you made no sales. As always, check with your own tax advisor for details
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