This Fall Manfred Enrolled in the Law School at State

This fall Manfred enrolled in the law school at State University (a qualified educational institution) and paid $6,200 in tuition. Until his enrollment Manfred worked as a stock broker and this year he reports $70,000 in wages. If Manfred files single and reports no other items of income or expense how much of the tuition can he deduct as a business expense?

A) Manfred can deduct $6,200 as a miscellaneous itemized deduction.
B) Manfred can deduct half of his tuition as a miscellaneous itemized deduction.
C) Manfred can deduct half of his tuition for AGI.
D) Manfred can deduct $6,200 for AGI.
E) None - the tuition is not deductible as a business expense.

Correct Answer:

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