On Aug 22, 4:24 am, Dave Dodson <dave_and_da...[at]Juno.com> wrote:
- quote -

thank you very much!

On Aug 22, 4:08 am, "joeNOS...[at]bea.com" <joe.weinst...[at]gmail.comwrote:
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According to IRS Publication 970:

Qualified education expenses. These include the following items you
pay for either yourself, your spouse, or
a dependent for whom you claim an exemption.

1. Tuition and fees required to enroll at or attend an eligible
educational institution. Qualified education
expenses do not include expenses for room and board or for courses
involving sports, games, or hobbies that are not part of a degree or
certificate granting program.

2. Contributions to a qualified tuition program (QTP) What's New (see
chapter 8).

3. Contributions to a Coverdell education savings account (ESA) (see
chapter 7).

----
In particular, room and board are not qualified education expenses,
and I don't find any mention of books.

You should read pages 55-57 of the above publication,
http://www.irs.gov/pub/irs-pdf/p970.pdf, and take a look at Form 8815,
http://www.irs.gov/pub/irs-pdf/f8815.pdf, for exceptions, exclusions,
and an example.

Dave

Hi all.

What qualifies as an educational expense for I bond use? I have sold
some older I bonds
and my daughter is starting college. I assume the basic tuition
qualifies, but can I include
the school's room and board, books etc? Do the expenses need to have
been incurred
this year (same year as bond sales) or can they be up to next April
15th?
thanks for your expertise,
Joe Weinstein