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How to use interest earned on redemption of IBonds to pay dependent fees? Also the 1098-T only includes fees. Can I claim other expenses such as dorm and dining cost?
In 2023 I redeemed IBonds and used the interest earned on these iBonds to pay for my son's education expense at under graduate college. How do I report these expenses so that I do not have to pay tax on the interest earned on these iBonds. In addition, the 1098-T from college only reports tution fees. How to I report the payment of other expenses such as dorm and dining cost from the the interest earned on iBonds?
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‎January 24, 2024
1:32 PM