Tax deductions

[Cory Rogers]

BP, I read somewhere that I could claim my real estate education as a tax deduction, but my tax accountant told me that is not true. (By my understanding ) - He said RE education can only be claimed if you are already employed in this field. I told him that I was REI, hence my 1 investment property. So, I paid for two gurus, and I also paid for the school to gain my RE agents license. He went on to explain that if I were an REA than I could claim this sort of education.

The other question: if you invest in updating your property say $10,000 how exactly can this be claimed; is it a percentage of each dollar? I'm completely clueless here and would really appreciate your help.

Cory