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Deductions & credits
No. Room and board (R&B), including off campus rent, are not qualified educational expenses for an education credit.
Room and board, including off campus living, are, normally, qualified expenses for a 529 plan distribution. But, R&B would not qualify, even for a 529 plan distribution, in your case. Even though the internship is part of the degree program, is not considered as "enrolled" in college for most tax purposes.
‎December 12, 2023
2:30 PM
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