Claiming Part 61 training fees on taxes
#1
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Joined APC: Mar 2019
Posts: 112
Claiming Part 61 training fees on taxes
Hi,
I had a question for someone good with taxes. I did some of my training at a part 61 school, and have all invoices. Can I claim this kind of expense. I am a student currently finishing my degree in aviation at a part 141 school.
I had a question for someone good with taxes. I did some of my training at a part 61 school, and have all invoices. Can I claim this kind of expense. I am a student currently finishing my degree in aviation at a part 141 school.
#2
Gets Weekends Off
Joined APC: Dec 2017
Position: Retired NJA & AA
Posts: 1,912
https://ttlc.intuit.com/community/ta...nses/00/703894
https://www.irs.gov/credits-deductions/individuals/llc
#3
Gets Weekends Off
Thread Starter
Joined APC: Mar 2019
Posts: 112
I did some work for H&R Block between flying jobs but I'm not an expert. But I'd say no because this isn't about keeping your current job, it's qualifying for a better job. Check these 2 links, the IRS does have a "Lifetime Learning Credit" but it is $2000 per year. You'd need a 1099-T from an eligible institution.
https://ttlc.intuit.com/community/ta...nses/00/703894
https://www.irs.gov/credits-deductions/individuals/llc
https://ttlc.intuit.com/community/ta...nses/00/703894
https://www.irs.gov/credits-deductions/individuals/llc
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