Thank you for your reply, along with the articles you provided. As context, can you expand on what is “not quite right” about my method?
First, in direct reply to the first and third paragraphs of your response, all of the $10,000 went to qualified expenses – i.e. High School tuition that far exceeds the $10,000. And “yes” all of the $10,000 went to that qualified expense. So that leaves your second paragraph which indicates that my method is “not quite right”, referring to calculations and examples in the first linked article to elaborate.
I find the example calculations in the article you provided insufficient without further guidance. The article shows how to calculate Adjusted Qualified Education Expenses, if education credits are applied. However, education credits are not involved in my situation. Instead, I have medical deductions involved. I’m sure you know that the tax benefit from credits is much easier to specify than that of deductions. Please clarify if you are recommending that I convert the medical deduction from the Special Education tuition into a tax benefit value, in order to calculate the Adjusted Qualified Education Expense. And if that is what you recommend, what method does one use to convert a deduction into a discrete tax benefit?
Thanks again.
