Business Education Category

Ahmed

I have found other posts teaching how to add a category for business education which was helpful. I have done so. I ran a report to show expenses by category. I used the customize feature to only show spending that " are tax related". When I do that, that category of business education that I have added gets taken off.

I have found research online (https://www.keepertax.com/posts/what-education-expenses-are-tax-deductible) saying that money spent on tax education is taxable. I imagine I have inserted that category incorrectly in Quicken.

Question, How can I make sure it is listed to be tax deductible, or what should I do to move forward from here? Any advice is appreciated. Thank you

Ahmed

I did some more reading. Seems like I have to edit the category and give it a tax line item. There are so many options. Nothing seems to fit money spent on education that is business related!

Thank you

NotACPA

If you were doing your taxes manuallly, where on Sched C would you record this?  Because I don't see any place on Sched C for Education Expenses.

Have you looked at Form 2016 for your recording your education expenses?  It's available in both the Standard and Extended list of tax lines.