In which section do I place the CFA exam and prep course costs for deduction?

edisonvo · ‎June 4, 2019

I am having trouble understanding where this should be placed. Should it be in education? Also, would this qualify me for at least halftime enrollment? I am a financial analyst and I believe that this cost and the cost of the prep course may be tax deductible.

Marketstar · ‎June 4, 2019

Yes, your CFA exam prep course is deductible as you are a financial analyst and you can claim the expenses in the following area:

Type in 2106 in the search box, top right of your screen, then click the magnifying glass
Click the jump to 2106 link in the search results.
Follow the prompts and onscreen instructions

See Any Other Expenses? Page

Education Expenses , 6th category down