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Dave is a lawyer. He also opens a real estate brokerage firm on the side and hires an assistant. In addition, he pays various fees

Dave is a lawyer. He also opens a real estate brokerage firm on the side and hires an assistant. In addition, he pays various fees to obtain licenses and memberships that he needs to operate as a real estate broker. Unfortunately, for 5 years in a row, the business loses money. May Dave still deduct the losses from the business as business losses? Explain

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