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Level 1
June 1, 2019
Solved

Education expenses self employed

  • June 1, 2019
  • 1 reply
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where can I put expenses for classes  I needed for self employment
Best answer by MichaelL1

It is considered a business expense of your self-employment business.  It should be listed under "Other Common Business Expenses" and then go to the bottom and list it as Other Misc. Expense.

"Your work-related educational expenses must be for education that:

  • maintains or improves your job skills; OR
  • is required by your employer or by law to keep your salary, status or job.

The education cannot

  •  be part of a program that will qualify you for a new trade or business; or 
  •  be needed to meet the minimal educational requirements of your trade or business."

Source:

https://www.irs.gov/credits-deductions/individuals/deducting-work-related-educational-expenses

1 reply

MichaelL1
MichaelL1Answer
Level 15
June 1, 2019

It is considered a business expense of your self-employment business.  It should be listed under "Other Common Business Expenses" and then go to the bottom and list it as Other Misc. Expense.

"Your work-related educational expenses must be for education that:

  • maintains or improves your job skills; OR
  • is required by your employer or by law to keep your salary, status or job.

The education cannot

  •  be part of a program that will qualify you for a new trade or business; or 
  •  be needed to meet the minimal educational requirements of your trade or business."

Source:

https://www.irs.gov/credits-deductions/individuals/deducting-work-related-educational-expenses