Can I write off subscription to industry research?
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The cost of a subscription to industry research can be deductible as a business expense if it is directly related to your trade or business. This means the subscription must be helpful and appropriate for your business, and not extravagant. For example, a financial analyst subscribing to a financial market research service can deduct this expense. However, if the subscription is for personal use or not directly related to the business, it is not deductible.