turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

MsMoe
Returning Member

If i paid money to take a online training for stock trading is it deductible?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
JulieR
Expert Alumni

If i paid money to take a online training for stock trading is it deductible?

It depends. If you are in the business of stock trading this training would be a deductible business expense. 

The training may qualify for an education credit if the provider is an eligible educational institution. This is a school offering higher education beyond high school. It is any college, university, trade school, or other post-secondary educational institution eligible to participate in a student aid program run by the U.S. Department of Education

For more information about education credits, see the following TurboTax FAQ. https://ttlc.intuit.com/replies/3300629

View solution in original post

1 Reply
JulieR
Expert Alumni

If i paid money to take a online training for stock trading is it deductible?

It depends. If you are in the business of stock trading this training would be a deductible business expense. 

The training may qualify for an education credit if the provider is an eligible educational institution. This is a school offering higher education beyond high school. It is any college, university, trade school, or other post-secondary educational institution eligible to participate in a student aid program run by the U.S. Department of Education

For more information about education credits, see the following TurboTax FAQ. https://ttlc.intuit.com/replies/3300629
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies