When you are working with a client and they have expenses not reported on 1098-T Tuition. What would be the best way to calculate their other education expenses from their bank account US Bank? If this account is a business account and they no longer active with receiving income from the business, would the taxpayer or customer have the right to report expenses for business as well as claim these education on their 1098-T other fees when they file their taxes.
Appreciate all the community who can respond and help solve this issue.
Kindly,
Dexter R, Tax Expert with over 28 years Experience as Federal and State Accountant, Realtor, and MBA Scholar
