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#1
02-03-2004, 05:04 AM
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 Re: Schedule C deduction for training? briang[at]panix.com (Brian Gordon) wrote: - quote - > I'm getting into the insurance sales business. On one
Educational expenses for a trade you are not already engaged> level, anyone can do it -- no "training" is involved. > However, you must be licensed, and you must study for that. > Is a study course for the licensing exam deductable, even if > you are new to the business? Obviously, I'm hoping it is > :-) in, or to meet the minimum requirements of a trade, are not normally deductible. If you can arrange to take the course through a college or university, you may be able to take the tuition as an adjustment to income. -- Chris Green << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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02-03-2004, 01:30 AM
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| Re: Schedule C deduction for training? Brian Gordon wrote: - quote - > I'm getting into the insurance sales business. On one
The general rule would be "no" -- the education qualifies> level, anyone can do it -- no "training" is involved. > However, you must be licensed, and you must study for that. > Is a study course for the licensing exam deductable, even if > you are new to the business? you for a new business. Sorry. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
02-01-2004, 06:04 AM
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| Schedule C deduction for training? I'm getting into the insurance sales business. On one level, anyone can do it -- no "training" is involved. However, you must be licensed, and you must study for that. Is a study course for the licensing exam deductable, even if you are new to the business? Obviously, I'm hoping it is :-) -- +-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+ | Brian Gordon --> briang[at]panix.com<-- brian.gordon[at]cox.net | + Bass: Greater Phoenix Chapter "Pride of Phoenix" SPEBSQSA Chorus + -+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+- << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| deduction, schedule, training |
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