In the past I have worked with police and fire on search and rescue (land and water boat/dive rescue or recovery) and was able to write off my gear and training that wasn't covered by the depts.
Now i work elsewhere ( Amazon..not in water/rescue business anymore lol) so don't have that write off. I am working towards my instruct..end of next year. This year I hope to have my DM done. Can you write off your training/insurance ect that gets you towards instructor? Out here..DMs here don't make money so it isn't like I have an income from it to offset, at least until I get my instr which is in a different calendar year.
Or do i need to create a business in this tax year to start the offset? We had f'd up taxes this year due to sale/buy of house and moving from income tax state to non income tax state ...so its going to be a mess anyway so these are things I am just considering to see if I can write off the training as I work towards my instructor. We will be interviewing tax peeps shortly but wanted to have an idea if possible or a resounding NO kind of thing.
Thanks
Now i work elsewhere ( Amazon..not in water/rescue business anymore lol) so don't have that write off. I am working towards my instruct..end of next year. This year I hope to have my DM done. Can you write off your training/insurance ect that gets you towards instructor? Out here..DMs here don't make money so it isn't like I have an income from it to offset, at least until I get my instr which is in a different calendar year.
Or do i need to create a business in this tax year to start the offset? We had f'd up taxes this year due to sale/buy of house and moving from income tax state to non income tax state ...so its going to be a mess anyway so these are things I am just considering to see if I can write off the training as I work towards my instructor. We will be interviewing tax peeps shortly but wanted to have an idea if possible or a resounding NO kind of thing.
Thanks