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.

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AI accountant’s answer:

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.

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Melissa Pedigo, CPA

Melissa Pedigo has been a CPA for over 20 years and she is one of the only CPA copywriters in the world. With a vast knowledge of U.S. tax and accounting, she’s able to write about tax and finance topics from a unique perspective...as an industry expert. When she’s not writing or being an accounting nerd, you’ll find her watching and playing tennis, reading, tending to her half-grown garden, and studying foreign languages

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