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New Member
posted May 31, 2019 9:54:32 PM

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

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?

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1 Replies
New Member
May 31, 2019 9:54:34 PM

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.