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Tax, SDIRAs & Cost Segregation

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Kevin Durham
  • Investor
  • Florissant, MO
5
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15
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Can private school be a business expense?

Kevin Durham
  • Investor
  • Florissant, MO
Posted Aug 22 2017, 13:51

Hey all, the more I learn the more I realize I know nothing! On my 3rd flip thanks to the help of this site. So, thank you for any reply!

My daughter is now attending private school - 7th grade, and to my knowledge, in the state of Missouri, private school is not a deductible expense.

Is there a way that my LLC can pay the tuition and it be a business expense? I know I've heard some about this before but I haven't begun to unpack or dig into it yet.

Any help, tips, concerns are greatly appreciated!

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