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Old 01-04-2011, 07:31 PM   #1  
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Default 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!
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Old 08-07-2020, 09:17 AM   #2  
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Resurrecting your post since the talent shortage is over - for now - and contracts are cropping up again. Surprised nobody ever replied - anyone have an answer?
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Old 08-07-2020, 09:54 AM   #3  
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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?
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Old 08-07-2020, 07:45 PM   #4  
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The new tax laws made essentially nothing deductible. Contract payments would not fall under any special category, and thus remain taxable.
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Old 08-07-2020, 08:23 PM   #5  
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Quote:
Originally Posted by Continuingappch View Post
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?
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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