Abstract While professors come under the regular rules pertaining to all individual taxpayers for Federal and California Income Tax purposes, certain kinds of reportable income and deductible expense require special attention in the U.S. A professor who has income in addition to his salary may deduct some types of expenses before arriving at adjusted gross income. These expenses, being necessary to the earning of this income may include such things as the cost of a portion of his residence as a study where he did the work, depreciation of a typewriter, office furniture, and other equipment, supplies and car, and other travel expenses in connection with research or lectures. Professional income and expenses are computed on a separate schedule and the resulting net income or loss is also being tabulated. The deductible expenses have also been mentioned. Advice has been requested concerning the deductibility for Federal income tax purposes of research expenses, including traveling expenses, incurred by college and university professors in their capacity as educators.
George Gibbs (Thu,) studied this question.