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Can tuition for a Master's degree, which is continuing education for my sole proprietor business, be written off as a business expense on Schedule C?
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June 6, 2019
10:57 AM
last updated
June 06, 2019
10:57 AM
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Can tuition for a Master's degree, which is continuing education for my sole proprietor business, be written off as a business expense on Schedule C?
Yes on the Schedule C, it is deductible if the education expense maintained or improves your job skills. If it builds your knowledge in the running of your business, and is an ordinary and necessary business expense.
June 6, 2019
10:57 AM
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Can tuition for a Master's degree, which is continuing education for my sole proprietor business, be written off as a business expense on Schedule C?
Yes on the Schedule C, it is deductible if the education expense maintained or improves your job skills. If it builds your knowledge in the running of your business, and is an ordinary and necessary business expense.
June 6, 2019
10:57 AM
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