Educational expenses incurred by a self-employed bookkeeper for courses necessary to sit for the CPA exam are fully deductible.

Name: Educational expenses incurred by a self-employed bookkeeper for courses necessary to sit for the CPA exam are fully deductible.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Educational expenses for courses required to meet the minimum requirements for a profession, such as sitting for the CPA exam, are not deductible as they qualify the taxpayer for a new trade or business.

Educational Expenses Incurred by a Self-Employed Bookkeeper for Courses Necessary