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Old 01-27-2004, 09:33 PM
sheesh3@yahoo.com
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Default Re: college expenses

"Michelle Kapp" <smfwdf[at]comcast.net> wrote:

- quote -

> Paid for Spring of 2003 tuition in December of 2002. Should
> this be included in the 2003 or 2002 return?


This is a 2002 return deduction because it was paid in that
year.

---
Here is a followup question for others replying to this
thread.

What if Michelle had not paid her Spring 2003 bill until
2004 (basically she was in debt to the University for 1
year)? Would she be able to take a credit on her 2004
return?

The Education credits all seem to require that the expense
be for an academic period that either began in the year
paid, or in the first 3 months of the year following the
year paid.

bex

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Old 01-27-2004, 08:40 AM
Phil Marti
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Default Re: college expenses

"Michelle Kapp" <smfwdf[at]comcast.net> writes:

- quote -

> Paid for Spring of 2003 tuition in December of 2002. Should
> this be included in the 2003 or 2002 return?


2002. See Publication 970 on prepaid expenses.

Phil Marti
Topeka, KS

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  #-1  
Old 01-25-2004, 08:15 PM
Michelle Kapp
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Default college expenses

Paid for Spring of 2003 tuition in December of 2002. Should
this be included in the 2003 or 2002 return?

Thanks

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