Education as a deductible expense

[Matthew F.]

Hello BP,

This is my first year as an active real estate agent in Roanoke, VA. I am considered an independent contractor by the IRS and will receive the 1099 form instead of the W-2 form that I am accustomed to.

I know of the basic business related expenses that i can deduct, including post licensing and continual educational requirements by the state, seminars, certifications,etc. I am curious as to whether or not tuition/books at an accredited four year college/university could be a deductible expense if I was to pursue a Bachelor's in Real Estate Finance.

According to the IRS it could because it would "enhance and maintain skills that I use in my career". However, I am curious if it would be disqualified because it may technically "qualify me for a new trade or business".

Has anyone tried to do this or something similar ?

Any advice ?

Thanks,

Matt Ferguson