No, expenses to learn a new trade or job or to qualify for a new careeraren't deductible.Start up cost include:legal and accounting feeslicenses, permit, and other feesthe cost of investigating what it would take to create a successful business, including research on potential markets or productsadvertising costs, including advertising for your business opening and creating a business websiteoffice rent and utilities paid before the business begins operatingrental of business equipment such as computers and office suppliescosts for employee training before the business opens, andexpenses related to obtaining financing, suppliers, customers, or distributors.See Startup Expenses Examples https://www.mileiq.com/blog/business-startup-costs-deduction/

TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

katdigphoto

Question

Can education expenses be used in start up costs

Forum|Forum|6 years ago
June 6, 2019
1 reply
0 views

No text available

TurboTax Home & Biz Windows

Marketstar

Employee

No, expenses to learn a new trade or job or to qualify for a new career aren't deductible.

Start up cost include:

legal and accounting fees
licenses, permit, and other fees
the cost of investigating what it would take to create a successful business, including research on potential markets or products
advertising costs, including advertising for your business opening and creating a business website
office rent and utilities paid before the business begins operating
rental of business equipment such as computers and office supplies
costs for employee training before the business opens, and
expenses related to obtaining financing, suppliers, customers, or distributors.

See Startup Expenses Examples

https://www.mileiq.com/blog/business-startup-costs-deduction/

cduzan

If the company is an LLC, would education of the members not count as employee training? I'm genuinely curious because I am in this situation now. My wife and I are starting a business and we have spent a decent amount of money in educating ourselves in the field we are entering (neither of us are classically trained in this field).

Critter-3

Ok now we need to talk about "employees" ... if this multimember LLC is being taxed as an S-corp and you are paying wages to the employees and filing proper payroll tax reports then yes it could be a deduction for the S-corp. So are you filing a Partnership or S-Corp return ? I highly suggest you seek local professional assistance to be educated on which business entity would be best for your situation and learn of the required fed/state filings that go with it.