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February 3, 2021
Question

I pay 179.85 per month to IM Academy for learning how to trade can I claim that on my taxes?

  • February 3, 2021
  • 1 reply
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1 reply

DaveF1006
February 3, 2021

No. This cannot be claimed as an educational expense unless it leads to a degree or certificate. Please refer to this IRS link for more details.  Also,  if you are self-employed as a trader, you can claim it as a miscellaneous business expense only if your business involves trading. 

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