Deduct Education Expense from Business Income
I have W2 but my wife has 1099-NEC, and she works in Accounting/Audit field. We filed jointly married. She is currently attending school for an MBA program. Can we deduct 100% of the tuition from her 1099-NEC business income under qualified education expense? IRS said it has to be in 1 of the 2 categories to be qualified: 1. Employer or law requires the education to keep the job/salary. 2. Maintain/Improve skills. The payer of her 1099-NEC did say she needs to work on an MBA degree in order to keep working, and we can probably get a statement from them. But are they considered her employer to be qualified in the 1st category? Proving for the 2nd category might be possible but it's not black and white as the 1st. So we prefer to use the 1st category if possible. Can we use the 1st category or is it even possible to deduct this tuition from her business income? Thanks
