Hello,
I'm helping pay college tuition for my NON-DEPENDANT 19 year old daughter. I have three questions regarding this.
1. My tuition payments can be considered a Gift Tax, correct?
2. On her tuition loan, I am a co-signer. Can this be written off as a deduction even though my name isn't first on the Contract?
3. Can paying her rent/books/food also fall under a deduction of some sort because she is attending school out of state?
Any other tips/information would be appreciated!
