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

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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

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Refinanced loans. What lenders fees are tax deductible?

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2 Replies 5118 Views

2 Replies

5118 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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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

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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 2728 Views

2 Replies

2728 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 1447 Views

1 Reply

1447 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 4453 Views

3 Replies

4453 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 1159 Views

1 Reply

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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

1375 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