(a) Sybil owns a toy store in Berkeley. She is considering opening a toy store in Oakland. In 2023, she spent $65,000 on market research to determine demand for a store in Oakland. Based on the research, she decides not to open the store. May she deduct the $65,000? If so, how much may she deduct in 2023? (b) Sybil is also considering opening an Italian restaurant in Oakland. She spent $50,500 on market research to determine demand for an Italian restaurant in Oakland. Based on the research, she decides to open the restaurant on July 1, 2023. May she deduct the $50,500? If so, how much may she deduct in 2023?

(a) Sybil owns a toy store in Berkeley. She is considering opening a toy store in Oakland. In 2023 , she spent $65,000 on market research to determine demand for a store in Oakland. Based on the research, she decides not to open the store. May she deduct the $65,000 ? If so, how much may she deduct in 2023 ? (b) Sybil is also considering opening an Italian restaurant in Oakland. She spent $50,500 on market research to determine demand for an Italian restaurant in Oakland. Based on the research, she decides to open the restaurant on July 1, 2023. May she deduct the $50,500 ? If so, how much may she deduct in 2023