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Updated about 11 years ago on . Most recent reply
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Tax impact of Guru classes: What and how can I write off?
I know BP hates guru's :-) However, I did some bootcamps this year. I know what money I spent wisely and which I wasted. Please save your breath on that.
My question is, am I able to write the cost off? (The guru's all tell me yes)
What would I be able to write it off against? I have about $27k in flip income and just $3400 in gross rents (4 months).
I will be meeting with a CPA next week. I'm trying to do some pre-work so the $ I spend on my time with the CPA is as productive as possible. Has anyone had any experience with this? Thanks!
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Only valid things can be deducted on your taxes, since gurus don't give value or aren't valid, you can't deduct them! :)~