I am doing expenses on a dependent for attendance at a foreign college. The college does participate in the US Federal Aid Program (Grants/Loans, etc.). I cashed a 20 year EE bond in 2021 and used the interest for college expenses. I am getting an error in TurboTax due to inability to enter a US State or US zip code (it does not allow entry of a foreign address).
Does this interest exclusion only work for US colleges? I did not find that requirement within turbotax or on the IRS form (see below).
"Who Can Take the Exclusion
You can take the exclusion if all four of the following apply.
1. You cashed qualified U.S. savings bonds in 2021 that were issued
after 1989.
2. You paid qualified higher education expenses in 2021 for yourself,
your spouse, or your dependents.
3. Your filing status is any status except married filing separately.
4. Your modified adjusted gross income (AGI) is less than: $98,200 if
single, head of household, or qualifying widow(er); $154,800 if married
filing jointly. See the instructions for line 9 to figure your modified AGI."
Any insights would help. It is not a huge amount, but a dollar is a dollar.
