turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

alexgrela
New Member

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.

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

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.

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

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies