In the "Expenses and Scholarships" section it asks for my income. Does short term and/or long term capital gains in stock sales count as income for this section?

 
Marilyn
New Member

Investors & landlords

It could... Sounds like you are entering Education Expenses.  The Form 8863 does consider your income in calculating the amount of deduction and/or credit you may receive for these expenses.

If you are able to finish entering all of your income (including the capital gains) to get an accurate income amount for calculating Education Deduction or Credit, you may wish to complete this first.  If not, you can go back into the Education section after you've entered all income.

Be sure to go all the way thru the section when you do this.

Here's some info about Education Tax Breaks

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