I'm not expert on this, but the IRS nowadays lets folks write off most education expenses...am I right?
Getting my pilots license took five years and cost more than $15,000 of my own hard-earned money (I received no loans, paying entirely as I went). It's absurd that the IRS won't let you deduct a single penny of this (though, I've heard that certain flight training costs, beyond the level of commercial rating, are deductible, and was wondering if someone could comment on this).
I consider this to be a valid education expense and intend to make a career out of this one day, I don't consider this strictly as a hobby (even though I certainly love flying).
Is there any way around this ridiculous law? Or is this just one more reason for me to despise the IRS?
2006-12-27
01:41:27
·
11 answers
·
asked by
Student
3
in
United States