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New Member
posted Jun 4, 2019 1:54:59 PM

Schedule C - how do I categorize professional development/ continuing education fees? Also in what category do bank fees fall?

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1 Replies
Level 7
Jun 4, 2019 1:55:01 PM

To be deductible, your expenses must be for education that either maintains or improves your job skills, or is required by your employer or by law to keep your salary, status or job.

Expenses to learn a new trade or job or to qualify for a new career aren't deductible.

Deduct your educational expenses and bank fees as Other Miscellaneous expenses

Type in schedule c in the search box, top right of your screen

Click on the first category Jump to schedule c link

Follow the prompts and online instructions

Arrive at the Your Business page

Scroll down to the Business Expense category

Click start or update next to Other Common Business Expenses category

Arrive at the Let's write off some business expenses page

Scroll down to the Other Miscellaneous Expenses (last) category