Would education expenses incurred by a self-employed individual be allowed in 2019 for the following expenses? Cost
Question:
Would education expenses incurred by a self-employed individual be allowed in 2019 for the following expenses?
Cost of a CPA review course | $2,500 |
Accounting continuing education expenses (including travel, conference fees, and meals of $ 200) | 1,000 |
Law school tuition and books | 9,000 |
Total | $12,500 |
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The 2500 expense incurred for the CPA review course is nondeductible because these exp...View the full answer
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Related Book For
Federal Taxation 2020 Comprehensive
ISBN: 9780135196274
33rd Edition
Authors: Timothy J. Rupert, Kenneth E. Anderson, David S. Hulse
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