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Can I deduct the course bought in a prior year?

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Posted: Fri Jul 16, 2004 7:56 am    Post subject: Can I deduct the course bought in a prior year?  

I bought the Unviversal Accounting Course in 2002. I did not complete the course until this year 2004. I am finally starting my bookkeeping service and I want to know if I can deduct the expense in 2004. Also, how should I classify and value it?
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Posted: Mon Jul 19, 2004 7:21 pm    Post subject: RE: Can I deduct the course bought in a prior year?  

If you had any accounting or business bacground, you could probably of itemized the cost of the course in 2002 as an employee business expense. If you purchased it without the above bacground it would have been a non deductible personal expense in 2002. Either way you have no deduction for 2004.
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