This fall Manfred enrolled in the law school at State University (a qualified educational institution)and paid $6,200 in tuition.Until his enrollment Manfred worked as a stock broker and this year he reports $70,000 in wages.If Manfred files single and reports no other items of income or expense how much of the tuition can he deduct as a business expense?
A) Manfred can deduct half of his tuition for AGI.
B) Manfred can deduct half of his tuition as a miscellaneous itemized deduction.
C) Manfred can deduct $6,200 for AGI.
D) Manfred can deduct $6,200 as a miscellaneous itemized deduction.
E) None - the tuition is not deductible as a business expense.

Question

Quizplus · Accepted Answer

Manfred's tuition for law school is not deductible as a business expense because it qualifies him for a new trade or business, which is not deductible under IRS rules.

This Fall Manfred Enrolled in the Law School at State