Deducting training contract
01-04-2011 | 06:31 PM
#1
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Line Holder
Joined: Oct 2005
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From: Trying not to crash
Deducting training contract
Someone posted a whole list of things you can deduct from your taxes as a flight crew member (thanks!).
Does anyone know if you can deduct training contract payments from a previous job? It seems like as much of a work expense as anything else... Thanks!
Does anyone know if you can deduct training contract payments from a previous job? It seems like as much of a work expense as anything else... Thanks!
08-07-2020 | 08:54 AM
#3
in holding
Joined: Dec 2017
Posts: 252
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From: single-pilot multi turbine captain
Also, we know that essentially nothing is deductible for employees anymore - so the more specific question is would such payment be deductible for a contractor payed via form 1099?
08-07-2020 | 07:23 PM
#5
Living the SloBus life
Joined: Jan 2018
Posts: 2,166
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Id talk to an actual CPA. You’d be surprised what you can still write off. It just needs to add up to more than $20k.
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turk
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01-13-2012 05:58 AM
