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 Jun 5, 2019 4:27:17 PM

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!

0 1 664
1 Best answer
Intuit Alumni
Jun 5, 2019 4:27:18 PM

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

1 Replies
Intuit Alumni
Jun 5, 2019 4:27:18 PM

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