Are Classes in How to Fix and Flip Houses Deductible?

Then remember this…

Before you open your doors or hang up your shingle, be sure you understand the difference between…

Why is this so important?

Because when you deduct these expenses makes a big difference to Uncle Sam and can significantly impact your tax bill.

Want to make sure you get things right and save a lot of money?

First the bad news. Let’s say you want to go into business fixing up and flipping houses. So you take classes and incur other related educational costs before you’re business is up and running. Be aware that these are not deductible business expenses at the moment, but there’s possible good news lurking. You’ll get the whole story when you read the full article.
Now, the good news. When you have an existing job or business, and are on the path to starting a new business, many of the costs you incur before you start are going to provide a special type of tax deduction. But be patient. You must wait until you’re actually in business and not just in the planning stage. You’ll get all the details when you read the full article.
You can access a terrific resource we’ve got waiting for you. I’m talking about an article we’ve written that’s loaded with important and easy-to-understand information. It’s called Two Paths to Deducting Certain Business Educational Expenses and it’s well worth reading. You’ll find the link to this fact-filled article inside the Fix and Flip article.