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Eve2019
Level 5

tuition

Hello,

 

I'm a sole propership and I paid tuition for my daughter. Would the tuition/education be an expense? where does this fall in on the chart of account? I have QB desktop.

 

Thanks.

1 Comment 1
john-pero
Community Champion

tuition

The only tuition that is business deductible is for employee or owner continuing education related to the current business.

 

It would be a stretch, but if your daughter is employed by you as your bookkeeper and you are paying for her BS in Accounting, maybe, just maybe......or maybe not. I would not take the chance.

 

Tuition and education deduction for your dependents is taken on your personal return and is unrelated to your business

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