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Yes - if all required condition met - that cost is deductible.It doesn't matter if you are seeking MBA degree.
As long as you stay in the same business - these are deductible expenses.On the other hand - you might have better tax benefits if you will use these expenses for educational credit - that is something to try.
Otherwise - I see no issues.
You may review specific requirements for either tax benefits in IRS publication 970
based on your information - I do not see any issues and if you were my client I woudl recommend such deduction.
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