Membership fees to learn real estate education

Forum|Forum|6 years ago
December 7, 2019
2 replies
28 views

do you think you can deduct upfront membership fee to Lifestyles Unlimited that is a mentor and real estate group teaching you how to get rich? This is for a real estate broker looking to expand his business into other areas. It is a pretty large upfront fee.

Lacerte Tax

This topic has been closed for replies.

Best answer by George4Tacks

It is either education for a change in occupation which is not deductible.

It might be an investment expense, but that went the way of the dodo bird on Schedule A, miscellaneous.

hence my answer of NO

George4TacksAnswer

Level 15

It is either education for a change in occupation which is not deductible.

It might be an investment expense, but that went the way of the dodo bird on Schedule A, miscellaneous.

hence my answer of NO

Answers are easy. Questions are hard!

IRonMaN

Level 15

Sounds like they are teaching how they get rich from suckers that want to be rich. George posted while I was posting so i’ll go with his “no” vote unless you provide me more info to convince me to vote in the other direction.

Slava Ukraini!

Sign up

Login with SSO

Let's get you signed in

Login with SSO