Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 6:39:22 PM

Should I list books and materials paid for with financial aid as an educational expense or leave it blank?

I am processing my expenses for school and some were paid with my financial aid. I just want to make sure I am listing the expenses correctly.

0 1 534
1 Replies
New Member
Jun 4, 2019 6:39:23 PM

Qualified college expenses paid by financial aid cannot be claimed for credit or deductions. Only qualified expenses paid with loans or out of pocket can be claimed.

See IRS – Pub 970 as a reference.