DPT costs as employee business expense
- From: "mmurrell" <mmurrell@xxxxxxxxxxxx>
- Date: 29 Mar 2007 11:15:38 -0700
I have a client that is working as an employee for a physical theapy
clinic. She is a PT, single and has gross income this year of over
110K. She went back to school to get her Doctor of Physical Theapy
(DPT), and incurred about 11K in qualified educations expenses as
reported on 1098T. She also incurred about 1K of student loan
interest.
The taxpayer's AGI is too high to take any above the line deductions
for the education expenses or the student loan expenses. However, it
appears to me the client could take all 12K as an itemized deduction,
as an employee business expense subject to the 2% limit.
Does anyone have any experience with a working PT getting thier DPT
and being able to deduct the qualified education expenses and student
loan interest?
Thank You......Marie
.
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