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 Nov 6, 2019 6:42:42 AM

Hi! Am I able to pay my college tuition through my llc? I own the llc and I’m just wondering if I could use my business account to pay my tuition and books.

0 1 372
1 Replies
Level 15
Nov 6, 2019 8:15:53 AM

If this is a multi-member LLC, the other member(s) (partners) may have an issue with the payment.

 

If you have a single-member LLC, perhaps the real question is whether or not you can deduct the payments as a business expense. If that is the case, refer to the link below (scroll down to the bottom).

 

https://www.thebalancesmb.com/deducting-education-expenses-for-employees-and-owners-398952