You have the option to consider taking the cost of your real estate classes as start-up costs or organizational expenses. There are some rules that you need to know before you can deduct those start-up costs.
- You can deduct a portion of the costs in the first year up to $5,000 but reduced by the amount the costs exceed $50,000.
- Amortize the remaining costs (that is deduct them in equal installments) over a period of 180 months beginning with the month in which your business opens.
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