If the courses were to learn a new skill, then it would be considered a capital expense. So you would not be able to deduct them as an expense, though you can claim the amounts as tuition if they are eligible. If the courses are just to upgrade an existing skill, then they are a current expense and you can claim them as a business expense.
This is a specific spot for license fees themselves, but there is no specific spot for course fees to obtain a license, so they can go under “Other Expenses”. This is at the end of the Expenses section in the Self-Employment part of the Interview.
If the courses were to learn a new skill, then it would be considered a capital expense. So you would not be able to deduct them as an expense, though you can claim the amounts as tuition if they are eligible. If the courses are just to upgrade an existing skill, then they are a current expense and you can claim them as a business expense.
This is a specific spot for license fees themselves, but there is no specific spot for course fees to obtain a license, so they can go under “Other Expenses”. This is at the end of the Expenses section in the Self-Employment part of the Interview.
chino_valisnogt
New Member
consam421
New Member
island_babe_2003
New Member
taimoorshah81
New Member
easton-harris
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.