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New Member
posted Apr 7, 2021 7:12:43 AM

I paid for books in college where do i put it at?

i paid $1,000 in books

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2 Replies
Expert Alumni
Apr 7, 2021 7:35:23 AM

Only a few screens into the interview section of Education Credits, you'll see this screen. If you are taking the Lifetime Learning Credit, only books purchased from the college count.

 

Student activity fees and expenses for course-related books, supplies, and equipment are included in qualified education expenses only if the fees and expenses must be paid to the institution for enrollment or attendance.

 

Level 15
Apr 7, 2021 9:34:11 AM

If you are your parent's dependent, your parent's enter you book cost, on their return You do not enter it on your return. 

 

Furthermore, there's a new urban myth among college students that says they can get a $1000 from the government just for filing a tax form. For most of them, they simply aren't eligible. A full time unmarried student, under age 24, even if you don't qualify as a dependent, is only eligible for the refundable portion of the American Opportunity Credit if he supports himself by working. You cannot be supporting yourself on parental support, 529 plans or student loans & grants. You usually must have actually paid tuition, not had it paid by scholarships & grants.  It is usually best if the parent claims that credit. 

You cannot claim a credit if you are, or can be, claimed as a dependent by someone else.