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I left my role in Sydney in late June 2019 to study an MBA in the US.
The MBA program runs from August 2019 to May 2021.
1. Will I able to claim a tax deduction on my 2019/2020 return? I will have non-employement income during this period.
2. If the total cost of the program is greater than my income in 2019/2020, will I be able to deduct the cost of the program from subsequent tax years (i.e. 2020/2021, 2021/2022, 2022/2023)?