Can I write off training costs(enrollment, ad investment training) even if I haven't actually started a business? I'm exploring different online ventures and trying to land one I think will work for me.
Answered by Melissa Pedigo, CPA ·
Congratulations on investing in learning new skills! Yes, you'll be able to write off these expenses, including any books, once you start your business if they are helping you further your current career. The IRS allows business deductions for training that help improve your skills in your current career or a required by an employer or by law. However, if these courses are qualifying or training you for a new career, they won't be deductible.