Thread: R&D deductions

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    R&D deductions
    If i have an LLC and try to develop some products that go nowhere, can i benefit from this on my taxes?


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    Re: R&D deductions
    I'm not sure how it works in your locality, but in the UK you can offset VAT (sale tax) on all purchases (eg: supplies) made for the business. There are other possibilities too, but these tend to be more complex and uncommon.


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