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Updated almost 14 years ago, 01/20/2011
Tax Deductions
I've recently had my accountant do my 2008 income taxes and I was surprised that he informed me that I could not take deductions for my real estate investment training that I purchased in 2008. A big one was the Rich Dad REI Coaching Program @ $6,285 and several smaller courses amounting to several hundreds of dollars. I have a full time job and am working on building my REI business albeit I have not done any deals or made any money yet, I believed the training material and other expenses directly related to my part time REI business were legitimate tax deductions. I know people can't respond or "give tax advice" officially but unofficially am I wrong about this and my accountant is right?