Deductions & credits


@Lanric02 wrote:

Yes, but for my daughter in college, those other expenses don't appear as a choice either.  Wondering if it has to do with her not having a 1099-Q


For a child in college who is not using a 529 to pay for expenses, there are only three categories of qualifying expenses if I recall correctly

  1. Tuition
  2. Books and supplies that are required for the degree program and purchased from the college
  3. Books and supplies that are required for the degree program purchased elsewhere

 

a, b and c are eligible for the AOTC but only a and b are eligible expenses for the Lifetime Learning Credit.  Expenses for room and board, tutoring, travel and other things are not qualified expenses for these credits.