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Can I deduct my real estate appraisal courses?
So in the commercial appraisal industry (in Texas but I've heard applies to most states), there are 3 levels of certification. The first two are required by the state. The first is the Appraisal trainee license, and the second is the Certified General Appraiser license. I started to work for a small firm in 2016, I obtained my trainee license in 2017, moved companies in 2017 and started the first class for my Certified General license. From my understanding and reading other questions and websites, it doesn't sound like I can get a deduction for the Trainee license since it qualifies me to start in a new field, but what about the Certified General class? The trainee classes altogether cost around $800 (not including the $300 to get licensed) and this first class for Certified General is also like $800. Any info/advice would be much appreciated.
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Can I deduct my real estate appraisal courses?
Yes, you are correct, expenses to learn a new trade or job or to qualify for a new career aren't deductible.
If the Certified General maintained or improved your job skills while employed, or was required by your employer or by law to keep your salary, status or job, you can deduct it.
To benefit from this deduction, you must itemize your deductions.
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Can I deduct my real estate appraisal courses?
Yes, you are correct, expenses to learn a new trade or job or to qualify for a new career aren't deductible.
If the Certified General maintained or improved your job skills while employed, or was required by your employer or by law to keep your salary, status or job, you can deduct it.
To benefit from this deduction, you must itemize your deductions.
.
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Can I deduct my real estate appraisal courses?
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Can I deduct my real estate appraisal courses?
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