Solved: I used student loan money to purchase expenses for school that is also being used for my self-employed business. Can I write off these expenses as business deductions?
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I used student loan money to purchase expenses for school that is also being used for my self-employed business. Can I write off these expenses as business deductions?

The expenses I paid for are required for my education, but they are also being used for my self-employed business. Thanks for your help on this!

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Level 4

I used student loan money to purchase expenses for school that is also being used for my self-employed business. Can I write off these expenses as business deductions?

You can use the expenses towards an education credit, or as a business expense, but not both. 

View solution in original post

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Level 4

I used student loan money to purchase expenses for school that is also being used for my self-employed business. Can I write off these expenses as business deductions?

You can use the expenses towards an education credit, or as a business expense, but not both. 

View solution in original post

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