Thread: Tax question
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Old 01-19-2009 | 09:57 AM
  #4  
waflyboy
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Joined: Oct 2005
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From: 737 Right
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I agree with the above. I have been using the online version of Turbo Tax for years and found it to work great (as long as you have a basic understanding of how income taxation works). The per diem calc will take some time to figure out unless you've been keeping track of it throughout the year, but Rickair's suggestion gives you a good rule of thumb.

As long as we're on the tax subject, another question:

It's my understanding that interest paid on a Sallie Mae career training loan disbursed to a flight school is not tax deductible because a flight school is not an accredited institution and flight training does not progress toward a degree of higher learning.

Anybody have insight or information to contradict this?
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