Campaign election expenses

[Jesse]

Taxpayer was running for an elected position and ran up quite a bit in expenses. Would these expenses be deductible?

Thinking out loud, I wouldn't think so.

Private sector to public office - Job search expenses?

[ChEAr$]

Taxpayer was running for an elected position and ran up quite a bit in expenses. Would these expenses be deductible?

Thinking out loud, I wouldn't think so.

You're right.

[New York Enrolled Agent]

Look at §162(e)

[kpangelinan]

Yup

(e) Denial of deduction for certain lobbying and political expenditures

(1) In general No deduction shall be allowed under subsection (a) for any amount paid or incurred in connection with—
(A) influencing legislation,
(B) participation in, or intervention in, any political campaign on behalf of (or in opposition to) any candidate for public office,
(C) any attempt to influence the general public, or segments thereof, with respect to elections, legislative matters, or referendums, or
(D) any direct communication with a covered executive branch official in an attempt to influence the official actions or positions of such official.

[Jesse]

Thanks very much!!