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New Member
posted Jun 1, 2019 12:44:57 PM

Where do I enter educational expenses related to a new business I started up in 2018

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1 Replies
Intuit Alumni
Jun 1, 2019 12:44:58 PM

If you qualify, you can include is as other expenses with an explanation.

Qualifying Work-Related Education

You can deduct the costs of qualifying work-related education as business expenses. This is education that meets at least one of the following two tests.

  • The education is required by your employer or the law to keep your present salary, status, or job. The required education must serve a bona fide business purpose of your employer.
  • The education maintains or improves skills needed in your present work.

However, even if the education meets one or both of the above tests, it isn't qualifying work-related education if it:

  •  Is needed to meet the minimum educational requirements of your present trade or business, or
  • Is part of a program of study that will qualify you for a new trade or business.

 

You can deduct the costs of qualifying work-related education as a business expense even if the education could lead to a degree.