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If you buy a self-help book as a business owner, is it tax deductable?


say you subscribe to an industry-related magazine, can you deduct that? Is it a biz expense or an personal education expense?

If you are the sole proprietor and you buy industry related publications, that expense is deducted from your gross revenues on Schedule C.

If you an owner of a partnership or corporation, if the partnership or corporation buys the publication, it is deducted on the partnership or corporation tax return.

Otherwise, if you are not a sole proprietor and you personally buy industry related publications, that expense is deducted as a miscellaneous deduction subject to 2% of your AGI, on Schedule A.

If you pay for it with a business check not a personal one, and you use it in your business, then you might be able to use it as a tax deductible

If the information is business related, it is business expense.

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