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Q: Is real estate broker license courses tuition tax deductible? ( No Answer,   1 Comment )
Question  
Subject: Is real estate broker license courses tuition tax deductible?
Category: Business and Money > Accounting
Asked by: natural00-ga
List Price: $2.00
Posted: 05 Feb 2005 16:00 PST
Expires: 12 Feb 2005 17:23 PST
Question ID: 469645
Is real estate broker license courses tuition tax deductible (paid to
http://www.brokerlicense.com)?  If Yes, is there any way the IRS can
verify how much tuition I have paid throughout the year?

Thank you.
Answer  
There is no answer at this time.

Comments  
Subject: Re: Is real estate broker license courses tuition tax deductible?
From: jack_of_few_trades-ga on 07 Feb 2005 07:04 PST
 
If you are self employed then any business expense such as licensing
can be deducted.  The IRS cannot know how much you spent except by
what you tell them.  If you are audited (which is much more likely if
you claim alot of business expenses) then they will require proof of
everything you claimed... and if you cannot provide proof or atleast
good evidence then you run the risk of being charged with fraud.

I'm not a tax expert, but this is what I remember from when I was self
employed and had a discussion with a tax expert about such things.

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