"defender" <ejscanlan[at]earthlink.net> wrote:

- quote -

Cost to enter a new profession are generally not deductible.

--
Regards,

Mark Rigotti

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I was sent to the unemployment line last year and the
prospects of reemployment in my field were dismal. As a
result while I was job hunting I decided to start a business
in the event a job did not materialize. To legally function
in this new business I was required to be licensed by the
state. To be licensed by the state I was required to
undergo mandatory training. Along with the business, after
training, I incorporated it as an LLC.

I know the licensing and testing fees are deductible as well
as the costs to incorporate. But are the costs of the
mandatory training to obtain the license, so that I may
legally act in this business, deductible as a business
startup expense? IRS pubs were not clear on this and
indicated that they could be?? I know that retraining costs
could not be added to the 1040 standard form but can they be
added to the 1040 Sched C?

Any help would be appreciated to point me in the right direction.

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