Student Loan & Education Tax Topics

My son is 25 years old and in med school. I paid 45000 of his 85000 dollar expenses. He received 40000 in loans, but earned no money. Can I claim him as a dependent?

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11 Replies

11689 Views

Why does entering 1099-Q info for 529 plan distribution increase taxes when I used $ to pay education expenses? And entering one kid's 1099-Q does this, but not another's

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5 Replies 2587 Views

5 Replies

2587 Views

Refinanced loans. What lenders fees are tax deductible?

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2 Replies 4635 Views

2 Replies

4635 Views

What if your college student was required to stay in college dormatory for first year? Can I claim as an expense?

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1 Reply 943 Views

1 Reply

943 Views

I have a small business which is sports training for kids. I give out scholarships for underprivledged kids. Can I deduct the value of the scholarships? If so, where?

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1 Reply 950 Views

1 Reply

950 Views

Can a fellowship grant for working count as earned income credit? (I'm not a degree candidate, and I received it from a school for work as a government fellow.)

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2 Replies 2417 Views

2 Replies

2417 Views

Can I use 529 money to reimburse myself for expenses from buying an airplane and fuel for my son who is a flight student?

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1 Reply 1250 Views

1 Reply

1250 Views

Can I claim a child as a dependent if she is a full-time college student, lives in the dorms during the school year, but the school is in the same city as me?

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3 Replies 3184 Views

3 Replies

3184 Views

I only have a 1099 form, no W2. Can I deduct my student loan payments even though they aren't business expenses?

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1 Reply 963 Views

1 Reply

963 Views

In Dec 2017, we withdrew 529 funds for tuition, but the college reflected it in Jan 2018 (not 1098-T). An "Excess distribution" is triggering a tax payment in 2017. Help!

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1 Reply

1214 Views

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Topics with Label: TurboTax Home & Biz Mac

My son is 25 years old and in med school. I paid 45000 of his 85000 dollar expenses. He received 40000 in loans, but earned no money. Can I claim him as a dependent?

Why does entering 1099-Q info for 529 plan distribution increase taxes when I used $ to pay education expenses? And entering one kid's 1099-Q does this, but not another's

Refinanced loans. What lenders fees are tax deductible?

What if your college student was required to stay in college dormatory for first year? Can I claim as an expense?

I have a small business which is sports training for kids. I give out scholarships for underprivledged kids. Can I deduct the value of the scholarships? If so, where?

Can a fellowship grant for working count as earned income credit? (I'm not a degree candidate, and I received it from a school for work as a government fellow.)

Can I use 529 money to reimburse myself for expenses from buying an airplane and fuel for my son who is a flight student?

Can I claim a child as a dependent if she is a full-time college student, lives in the dorms during the school year, but the school is in the same city as me?

I only have a 1099 form, no W2. Can I deduct my student loan payments even though they aren't business expenses?

In Dec 2017, we withdrew 529 funds for tuition, but the college reflected it in Jan 2018 (not 1098-T). An "Excess distribution" is triggering a tax payment in 2017. Help!

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Topics with Label: TurboTax Home & Biz Mac