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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
- Tuition
- Books and supplies that are required for the degree program and purchased from the college
- 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.
‎February 10, 2021
9:26 AM
2,426 Views