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jliu1414
Returning Member

Can I claim my educational credit from 1098T if my college tuition is paid by gift from a foreign individual?

Question as seen as the title. Received the gift to my bank account, use the money to pay tuition for college. Can use 1098T to claim educational credits? 

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Hal_Al
Level 15

Can I claim my educational credit from 1098T if my college tuition is paid by gift from a foreign individual?

Yes. The fact that the money was a gift is not relevant, for the tuition credit. 

 

The reporting of gifts from foreigners is a different issue. https://www.irs.gov/businesses/gifts-from-foreign-person

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