My wife has had a full-time job in accounting for many years. In 1999 she decided to take real-estate classes and get her license (which she did). She signed up with an agency, had a couple of open houses, then decided to transfer her license to the state holding agency since she wasn't quite ready to jump in. She is still paying fees and taking additional training to keep this certification and is still working in accounting full time to this day. My question is, can we deduct her expenses for real estate training and business costs associated with this endeavor even though she is in hiatus? And, what IRS form(s)are required?
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data de