Originally Posted by
rickair7777
Actually this is not totally correct.
Entering a new profession for a recent college grad is not deducatable. However, if you are a career changer, there is a significant tax CREDIT for career-change vocational training (much better than a deduction) which will put a large chunk of change right back in your pocket. There was a recent thread on this subject.
Ok, I am intending on changing my profession, however, in the meantime I have been obtaining my ratings PVT, Instrument, Commercial, CFI. Can I deduct these expenses? I bought a Cessna 150 to obtain my ratings in...can I deduct any of the expenses?