@doctoral_student wrote:
Thanks for the reply. How about my HoA fees? Those don't build equity.
Eligible room and board expenses are defined here.
https://www.irs.gov/publications/p970
You can use your actual cost for room and board, except that you can't claim more than whatever your institution has determined as the room and board allowance included in their "cost of attendance" when they prepare financial aid packages. (You can only claim more than the "cost of attendance" allowance if you are living in university housing and they are charging you more than what they set as an allowance).
The cost of room and board qualifies only to the extent it isn't more than:
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The allowance for room and board, as determined by the eligible educational institution, that was included in the cost of attendance (for federal financial aid purposes) for a particular academic period and living arrangement of the student; or
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If greater, the actual amount charged if the student is residing in housing owned or operated by the eligible educational institution.
