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Captainfit 04-18-2020 10:16 AM

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.

AirBear 04-18-2020 11:10 AM


Originally Posted by Captainfit (Post 3035254)
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 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

Captainfit 04-18-2020 11:37 AM


Originally Posted by AirBear (Post 3035281)
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

I appreciate it, I didn't receive a 1099-T but I do have invoices. I don't think I will be able to claim it.


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