My situation:
I am a project manager. Viciously laid off from my job in the engineering field, I found a new job, as a project manager, in the financial field. I am working to set up computer systems with accounting applications. As such, I have gone back to school to take accounting classes to enhance my skills at understanding the systems that I am working on. I am currently self employed as a contractor at this job. Now - with my reading of the tax laws, it seems that I should be able to take this as a business expense on schedule C. Does this seem correct to others?
Further - as long as I am taking these accounting classes to help me at my job, I am going to take a few more classes, that will then make me eligible to sit for the CPA exam. These classes are at the college level, but are not directly related to my employment. I see these as being deductions for AGI, assuming I meet all the income limits. Does this sound correct?
Thanks for your help.
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