https://ttlc.intuit.com/community/taxes/discussion/expense-question/01/2565503#M952533 <P>Hello!</P><P>&nbsp;</P><P>I purchased a professional certification for my business in 2021. The total price was about $1698 and I made a payment plan. Would that full price count as an expense for 2021 even though it was a loan, or would the total sum of the payments made toward the principal be determined as the expense for 2021?</P><P>&nbsp;</P><P>Thank you very much!&nbsp;</P><P>&nbsp;</P><P>&nbsp;</P> Mon, 09 Mar 2026 08:35:07 GMT jonv001 2026-03-09T08:35:07Z https://ttlc.intuit.com/community/taxes/discussion/expense-question/01/2565503#M952533 <P>Hello!</P><P>&nbsp;</P><P>I purchased a professional certification for my business in 2021. The total price was about $1698 and I made a payment plan. Would that full price count as an expense for 2021 even though it was a loan, or would the total sum of the payments made toward the principal be determined as the expense for 2021?</P><P>&nbsp;</P><P>Thank you very much!&nbsp;</P><P>&nbsp;</P><P>&nbsp;</P> Mon, 09 Mar 2026 08:35:07 GMT https://ttlc.intuit.com/community/taxes/discussion/expense-question/01/2565503#M952533 jonv001 2026-03-09T08:35:07Z https://ttlc.intuit.com/community/taxes/discussion/re-expense-question/01/2565545#M952534 <P>You can deduct the entire amount as a 2021 business expense. You can deduct the interest you pay on the financing as you pay it.</P> Wed, 09 Mar 2022 20:38:31 GMT https://ttlc.intuit.com/community/taxes/discussion/re-expense-question/01/2565545#M952534 DavidD66 2022-03-09T20:38:31Z