Answering a Reader Question #1,003

Unknown Wrote:

What about modeling classes, aren't they a job related expense? If the child turned 18 in August do they claim all the job related expenses, or do we as the parent file it as education or job related expenses?

Hi, Unknown!

You make an excellent point: modeling classes can be considered a job related expense and, therefore, a write off for tax season. Good catch!

The rest of your question would be best answered by a CPA but in my opinion, you as the parents can claim the modeling classes as a job related expense for that tax season up until the month of August. From that point on, your child/young adult can then claim the remaining modeling classes that took place from August until December.

That seems to be a good compromise. Of course, if your child/young adult doesn't care or isn't really focused on that, then you'd be fine to claim those job related expenses. Chances are your CPA (if you use one) isn't going to be a stickler about those last 5 months. But if they are, then play it safe and approach the tax write off according to the arrangement I described above.

I hope that helps!

Comments

Popular posts from this blog

Answering a Reader Question #1,037

Answering a Reader Question #1,036

Answering a Reader Question #1,035