If the grandparents are paying for college, can the parents of the student ( who is still a dependent) claim the deduction? If so, how? We are paying a portion of the expenses (i.e., room and board, books etc) as well as the student is paying a smaller portion.
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Only the person who claims the child as a dependent can claim the educational expenses. You will claim the expenses as if you paid them. Please view this TurboTax FAQ for more information.
Yes, the parents can use those payments in figuring the educational credit. IRS publication 970, page 11 states:
" Note. Qualified education expenses paid by a dependent you claim on your tax return, or by a third party for that dependent, are considered paid by you."
You can download that publication from the IRS website using the Google search "pub 970 pdf site:irs.gov"
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