Solved: What about other types of education expenses, like trade schools, real estate courses?
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gr1hankins
New Member

What about other types of education expenses, like trade schools, real estate courses?

What if I  pay for courses and travel to 8 hr classes?

As well as a lot of on-line study, to start a Real estate business?.

1 Best answer

Accepted Solutions
MichaelL1
Level 15

What about other types of education expenses, like trade schools, real estate courses?

Education related to present line of work is deductible if it meets the ordinary and necessary requirements.

Exploring starting a new business is not currently deductible. If the business is started then this may be a start-up expense for that business. 

Take a look at this for the start-up costs (if you actually start one of the business ventures):

https://www.thebalance.com/how-to-deduct-startup-costs-on-business-taxes-397608

View solution in original post

1 Reply
MichaelL1
Level 15

What about other types of education expenses, like trade schools, real estate courses?

Education related to present line of work is deductible if it meets the ordinary and necessary requirements.

Exploring starting a new business is not currently deductible. If the business is started then this may be a start-up expense for that business. 

Take a look at this for the start-up costs (if you actually start one of the business ventures):

https://www.thebalance.com/how-to-deduct-startup-costs-on-business-taxes-397608

View solution in original post

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