Education can't be part of a program that will qualify you for a new trade or business or that you need to meet the minimal educational requirements of your present trade or business.
jamestax
Returning Member
Jun 14, 2024 12:30:23 PM
Right, but perhaps as start up costs?
What about licensing costs?
Bsch4477
Level 15
Jun 14, 2024 1:35:10 PM
A start-up cost is recoverable if it meets both of the following requirements:
It's a cost a business could deduct if they paid or incurred it to operate an existing active trade or business, in the same field as the one the business entered into.
It's a cost a business pays or incurs before the day their active trade or business begins.
The license fees would seem reasonable as a start up cost since that is a cost you would have as a business owner. But would you have taken the education courses if you were already in business?
