- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
If the expense you incurred isn't specifically listed among the Business Expenses shown in TurboTax for Schedule C, you can list the classes that qualify to maintain or improve your skills as Other Miscellaneous Expenses.
Self-employed people who want to further their education might be able to deduct the cost of tuition, books, and related expenses as a business expense on Schedule C.
To deduct your education expenses, the courses you take must either be:
- required to keep your present salary, status, or job such as continuing education classes and serve an actual business purpose
- needed to maintain or improve skills needed in your present work
But even if your coursework meets one or both of the requirements above, the costs aren’t deductible if the classes are either needed to meet the minimum educational requirements of your present trade or business, or part of a program of study that will qualify you for a new trade or business.
See this TurboTax tips article for more information.
**Mark the post that answers your question by clicking on "Mark as Best Answer"