Can I enter expenses from my licensure exam and prep courses?

[mbtimmons0117]

I finished school in May and took my licensure exam in July, can I enter expenses from prep courses and materials as well as the cost of the exam?

[RichardG]

Unfortunately, the costs of the exam and prep course are not deductible as either a business expense or an education expense.  According to the IRS, an expense "that will qualify you for a new trade or business isn't qualifying work-related education." 

If you paid a separate fee for the license itself, that can be deducted as a business expense or job-related expense.