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Child training expenses for acting?
11/3/09 7:59 AM
Total Views: 51
Total Views: 51
What is proper method of handling a child's expenses incurred in training for an acting career?
All Replies: Answers (3)
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Answer
11/3/09 8:08 AM
These would be considered personal expenses. You can not deduct expenses that qualify you for a profession.
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Answer
11/3/09 8:16 AM
Same answer as if they were training for a basketball career or a banking career. Zip, zero, nada -- at least until they get beyond the high school level, and probably not then either. I just had to shell out $550 so that my granddaughter could play club volleyball. Nondeductible personal expense, even if I were to insist that she's going to turn pro.
Outside of a dog, a book is man's best friend.
Inside of a dog, it's too dark to read.
~Groucho Marx
Inside of a dog, it's too dark to read.
~Groucho Marx
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Answer
11/3/09 10:16 AM
These are not deductable expenses for tax purposes, but are expenses that the taxpayer must bear
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