Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted May 31, 2019 8:00:34 PM

Education expenses self employed

where can I put expenses for classes  I needed for self employment

1 1 4322
1 Best answer
Level 15
May 31, 2019 8:00:36 PM

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 Replies
Level 15
May 31, 2019 8:00:36 PM

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