Deal expenses as tax deductions
April 26, 2026
by a searcher from Indiana University at Bloomington in Chicago, IL, USA
Appreciate any guidance/best practices on maximizing treatment of (particularly pre-closing) deal expenses as tax deductible. I'm a solo searcher. I read somewhere that it is best to ask legal, QoE, etc. to invoice post-closing, I believe to address "“active trade or business” issues.
Any other ways to solve for this - e.g., would it help if I formed my acquisition entity? Opened a bank account?
Also open to any accountant recommendations. Thanks!
from University of New Brunswick in Toronto, ON, Canada