tom_sawyer70[at]yahoo.com wrote:

- quote -

Sure, but push comes to shove, deduct it on page 1 as
adjustment instead of on schedule a.

ChEAr$,
Harlan Lunsford, EA n LA

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >

I think I understand the lifetime learning credit, but
would like confirmation on the subject.

I have a salaried position with a company, My wife has
a small home-based business (an LLC).

This past year, I took a vocational course last Spring
(unrelated to my occupation) and I am considering a small
business management course this Fall to assist her business.

My understanding is that these would fall under the
Credit and I would be able to claim a tuition/fee credit
for this year.

Is that correct? If so, is it a full deduction or a
percentage? My total tuition and fees will equal approx.
$2000 for the year and my MAGI is less than $52k.

Alternatively, if I decide against the small business
course and choose something directly related to my
field that is not paid for by my company, can I deduct
those tuition/fees under an occupational expense?

Thank you,
Dave

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >