|
#1
| |||
| |||
| John wrote: - quote - > My son took a high school course offered in conjunction with
IF he were considered at least a half time student,> a local college. He took the college's final exam, got an > "A" and so gets college credit. We had to pay $200 for it. > The college issued a 1098-T. > How do I use it? Does it go on his return, or mine? > TaxCut contains no reference to a 1098-T! howsoever the college defines that, then that would qualify for the HOPE credit. On a practical note however, I wouldn't bother with it now, and use the HOPE credit when he is fully enrolled as a freshman and sophomore for max benefit. Cheer$, Harlan Lunsford, EA n LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| | |||
| |||
| John" <John[at]john.com> wrote: - quote - > My son took a high school course offered in conjunction with
In TaxCut, look up Lifetime Learnng Credit. They mention> a local college. He took the college's final exam, got an > "A" and so gets college credit. We had to pay $200 for it. > The college issued a 1098-T. > How do I use it? Does it go on his return, or mine? > TaxCut contains no reference to a 1098-T! that you will probably get a 1098-T as proof of the expenditure. Assuming your son is your dependent, you get the 20% credit. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#-1
| |||
| |||
| My son took a high school course offered in conjunction with a local college. He took the college's final exam, got an "A" and so gets college credit. We had to pay $200 for it. The college issued a 1098-T. How do I use it? Does it go on his return, or mine? TaxCut contains no reference to a 1098-T! << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| 1098t |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| 1098-T Education expense Michelle Kapp: 1098-T Box 2 Tuition and Fees = $5000. Box 4 Scholarship and Grant = $6500. Nondeductible room and board = $6500. Can we apply the scholarship... | Taxes | 13 | 03-01-2004 06:27 PM | |
| 1098-T educational expenses accounting T. James Selwyn: Short history: I'm a grad student. I had 100% non-taxable tuition support thru 12/03. I never deducted "qualified expenses" b/c they were always... | Taxes | 3 | 02-05-2004 05:07 AM | |
| Thread Tools | |
| Display Modes | |
| |