My employer paid for some training (a software class) in
2005. I signed a document saying that my training would be paid for over a long period of time by the company, provided I stayed employed by them. In 2006, I left the company. They took the cost of the training, around $3200, out of my last paychecks, calling it a loan repayment. My questions are:
- Since this "loan" was for professional training, can I deduct it from my 2006 taxes as an unreimbursed expense?
- If it is deductible, is it a deduction for the year I took the training (2005) or the year it was taken from my paycheck (2006) ? Can anyone refer me to any particular IRS documentation that would cover this training/employer "loan" issue? I want to make sure I do this correctly and have an IRS reference to fall back on.
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