Question

I am a full-time real estate investor. In May, I paid about $15,000 for a one-week boot camp.

I know that the law does not allow deductions for investment seminars. Does that mean I may not deduct my tuition and travel to the boot camp?

Answer

Your deductions for the boot camp hinge on the answer to this question: Are your real estate activities a business or an investment?

If your real estate is a business, you may deduct all the ... Log in to view full article.