Education Credits

Helping my son with his tax return. For the education credits and the reported the tuition, books, course material expenses, do I report only the expenses that were paid in 2019 or do I report the actual expenses whether paid or not? For example the 2019 spring semester is usually billed in November/December of 2018. Thanks

DianeC958
Expert Alumni

Get your taxes done using TurboTax

You only report the expenses that were paid in 2019.  

 

You are a cash basis tax payer and your report income and deductions/expenses in the year the actually occurred.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Get your taxes done using TurboTax

Thank you DianeC958. Great job!