Child training expenses for acting?
What is proper method of handling a child's expenses incurred in training for an acting career?
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Mimbreno
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11/03/09 8:08am PST
These would be considered personal expenses. You can not deduct expenses that qualify you for a profession.
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ArchieLeach
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11/03/09 8:16am PST
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.
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Mt Juliet CPA
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11/03/09 10:16am PST
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These are not deductable expenses for tax purposes, but are expenses that the taxpayer must bear
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