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I purchased course book in Feb 2021 for April 2021 classes. Do I claim the books on this years return since they fall in the time frame.
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April 10, 2021
12:00 PM
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Education
No. You are asking about purchases made in 2021 and you are preparing a 2020 tax return. Your 2021 education expenses will go on a 2021 tax return next year.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
April 10, 2021
12:09 PM
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Education
Your 2021 education expenses may only go on a 2021 tax return next year. There is one exception*, but your situation does not qualify.
* If you actually paid for 1st term 2021 expenses, in 2020.
April 10, 2021
12:18 PM