IRS Publication 970 indicates that it can be used for graduate school as well (see the Appendix comparison), so it apparently doesn't need to be just for 4 year...
Sure, thanks @Mike9241, I don't subtract the remaining mortgage amount (small at this point) from the basis.So, from your second paragraph, the answer, then, is...
What about this scenario:Tax year 2021:Child, age 24 at end of 2021, not a student, made > 50% of her income, so no longer a dependent (I assume).She was on our...
Thanks much, Dave.May I ask why the GST/HST entitlement isn't taxable? Is it because it is to offset taxes that are already being paid in Canada, thus isn't an ...
