Yoga Instructor Certification

[GraceNY]

Taxpayer paid for and took a course to become a certified Yoga instructor/teacher last year (2010)

Did not start her own business as a certified yoga instructor until this year (2011).

Is the course expense incurred in 2010 lost since the business did not begin 'til 2011? Or, is there something that can be done on the 2010 tax return to preserve this expense? Or, would it be considered a start-up cost (cost incurred before business begins)which then could be deducted/amortized on the 2011 Sch C?

Thanks in advance for input.

Grace

[Pacun]

Taxpayer paid for and took a course to become a certified Yoga instructor/teacher last year (2010)

Did not start her own business as a certified yoga instructor until this year (2011).

Is the course expense incurred in 2010 lost since the business did not begin 'til 2011? Or, is there something that can be done on the 2010 tax return to preserve this expense? Or, would it be considered a start-up cost (cost incurred before business begins)which then could be deducted/amortized on the 2011 Sch C?

Thanks in advance for input.

Grace

I don't have an answer but I was going to ask a similar question. To me, this is not deductible. That course will prepare him for a new profession.

I was thinking that if he had opened a corporation and he was going to be an employee of the corporation, maybe you could use that expense as employee training and amortize it.

[Lion EA]

He was not already a yoga instructor, so it's not a business-related expense, not deductible.

[TAXBILLY]

Lifetime Learning Credit

taxbilly

[grandmabee]

Lifetime Learning Credit

taxbilly

need to see if qualified education instutite first