I have a client that spent about $12,000 for her High School-aged son to represent NM State in competitions which included entrance fees, travel, flight, hotel etc., to compete at several Ivy League Universities. Is there anyway to deduct those expenses?
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Originally posted by Taxmonk3y View PostI have a client that spent about $12,000 for her High School-aged son to represent NM State in competitions which included entrance fees, travel, flight, hotel etc., to compete at several Ivy League Universities. Is there anyway to deduct those expenses?
In my county kids do car washes, raffles, go fund me etc. to raise money.Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDR
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