Choose the correct answer.
A)Education expenses are deductible on Schedule C even if the education qualifies the taxpayer for a new trade or business.
B)Expenses required for education to maintain skills for the taxpayer's current business are not deductible.
C)The cost of a CPA review course is deductible by a bookkeeper on his Schedule C.
D)Expenses for travel as a form of education are not deductible.

Question

Quizplus · Accepted Answer

Expenses for travel as a form of education are not deductible because they are considered personal expenses, not business expenses.

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