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June 1, 2019
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Employment related education expenses I am self employed LLC, I had to take a three week course unpaid to continue working. Can I deduct the hours spent on the course?

  • June 1, 2019
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The course was three weeks long and I could not work during this time. So can I deduct my hourly wage times the hours spent on the course plus the cost of the course.

Best answer by MinhT1

No, you cannot deduct your own time or the "lost" income. You can only deduct the cost of the course.

In fact, the reason you cannot deduct the "lost" income is because you did not earn that income and did not have to report it to be taxed.

1 reply

MinhT1Answer
June 1, 2019

No, you cannot deduct your own time or the "lost" income. You can only deduct the cost of the course.

In fact, the reason you cannot deduct the "lost" income is because you did not earn that income and did not have to report it to be taxed.

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