Hal_Al
Level 15

Education

Q.  Can my dad claim the bond interest for my tuition?

A. No. He  can  only take the exclusion if  he paid qualified higher education expenses in that same tax year for himself, his  spouse, or his dependents.

 

Q. Can I get the lifetime learning credit (LLC)?

A.  Yes, even though he paid your tuition. Although the general rule, in taxes, is that you must be the one making the payment, to get the deduction, there is an exception for education.

 

 If he did qualify for the bond exclusion, you would not have been allowed to ALSO  claim the same expenses for the LLC