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July 23, 2020
Question

Cost of education for trading

  • July 23, 2020
  • 1 reply
  • 0 views

I have paid for an online class that was focused on teaching me how to trade assets. Can I deduct that from my profits or add it to my costs in my tax return?

    1 reply

    rjs
    Employee
    July 23, 2020

    Classes in trading securities are not deductible.

     

    Ray1Author
    July 23, 2020

    I there any way to reduce these costs from the profits?

    rjs
    Employee
    July 23, 2020

    No, there is no way to subtract the cost of the classes from your trading profits. There is no way to get any kind of tax reduction for the cost of the classes.