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If you're paid as an employee (you receive a W-2 at the end of the year), and you itemize deductions, you can deduct unreimbursed business expenses that are "ordinary and necessary" on your Schedule A.
An expense is ordinary if it is common and accepted in your trade, business, or profession. An expense is necessary if it is appropriate and helpful to your business. An expense doesn't have to be required to be considered necessary.
This type of deduction is subject to the 2% "floor". You can only deduct the expenses that exceed 2% of your AGI.
If you're paid as an employee (you receive a W-2 at the end of the year), and you itemize deductions, you can deduct unreimbursed business expenses that are "ordinary and necessary" on your Schedule A.
An expense is ordinary if it is common and accepted in your trade, business, or profession. An expense is necessary if it is appropriate and helpful to your business. An expense doesn't have to be required to be considered necessary.
This type of deduction is subject to the 2% "floor". You can only deduct the expenses that exceed 2% of your AGI.
Yes. You can deduct the expense on Schedule C if you qualify as a real estate professional and on Schedule A if you don't.
See:
https://ttlc.intuit.com/questions/3587619-do-i-qualify-as-a-real-estate-professional
Maybe, but probably not.
The general rule is: Educational expenses to improve your current job skills are deductible. But learning a new job is not. Getting a real estate license, almost always means a qualification for a new job. Just exactly how does having a real estate license help you do your CURRENT job? The courses in real estate may have been helpful, and therefore deductible. But it's unlikely that the license fee is deductible.
Once you have a license and use it on your job, the annual renewal fees will be deductible. But, the cost to obtain the initial license is not.
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