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Retirement tax questions
You cannot use the purchase of the car in any way shape or form as a qualified educational expense unless the terms of the scholarship specifically state that it can be used for transportation expenses- then you would shift the expense from tuition and apply the Coverdell- but if you do not have evidence to support this (because most scholarships do not), you cannot claim it as such.
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March 7, 2020
7:31 PM