The online courses are mandatory for my career.!
2007-12-08 12:10:44 · 5 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
If your expenses are required by your educational institution as part of your enrollment, yes, they are deductible expenses. If I were you, I would deduct it, you would not go wrong!
Click on below link and read some examples.
http://www.irs.gov/publications/p970/ch02.html#d0e1801
"Related expenses. Student-activity fees and expenses for course-related books, supplies, and equipment are included in qualified education expenses only if the fees and expenses must be paid to the institution as a condition of enrollment or attendance."
Example 1.
Jackson is a sophomore in University V's degree program in dentistry. This year, in addition to tuition, he is required to pay a fee to the university for the rental of the dental equipment he will use in this program. Because the equipment rental fee must be paid to University V for enrollment and attendance, Jackson's equipment rental fee is a qualified expense.
2007-12-08 18:49:01 · answer #1 · answered by Q 3 · 0⤊ 0⤋
No, only tuition and items that you are required to purchase from the school qualify for the educational expense deductions.
2007-12-08 21:30:21 · answer #2 · answered by Bostonian In MO 7 · 2⤊ 1⤋
No you can't. You can take an education credit for tuition and fees, but not for other expenses.
2007-12-08 21:35:42 · answer #3 · answered by Judy 7 · 2⤊ 1⤋
yes you can. the books, the tuition etc. it is part of the total education expense. it would not be challenged.
2007-12-08 23:02:55 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Doubtful. Even if you could, you'd have to itemize deductions to do so.
2007-12-08 21:00:08 · answer #5 · answered by npk 7 · 0⤊ 2⤋