"Rhickey" <Rhickey[at]triad.rr.com> wrote:
[snip]
- quote -

No, that makes the amount used to pay for parking taxable.
See Publication 970.

Tuition, fees, books, equipment, and supplies required of
everyone (or everyone taking a particular course) are
qualified educational expenses; scholarship money that pays
for these things is not taxable to you.

If your scholarship pays for anything else, the amount is
taxable to you.

--
Chris Green

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"Rhickey" <Rhickey[at]triad.rr.com> wrote:

- quote -

No, any portion of a scholarship or fellowship that is used
for tuition, fees, books (not personal expenses such as room
and board or transportation) by a degree candidate in a
qualifying educational institution may be EXCLUDED from
gross income. The balance however, must be included in gross
income.

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krcourville[at]msn.com (Kenneth Courville) wrote:

- quote -

Are the parking costs incured because of some work-related
education you're taking?

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- quote -

If you receive a scholarship or fellowship grant, all or
part of the amounts you receive may be taxâ€"free.

Qualified scholarship and fellowship grants are treated as
taxâ€"free amounts if all the following conditions are met:

You are a candidate for a degree at an educational
institution; Amounts you receive as a scholarship or
fellowship are used for tuition and fees required for
enrollment or attendance at the educational institution, or
for books, supplies, and equipment required for courses of
instruction; and The amounts received are not a payment for
your services.

You must include in gross income are amounts used for
incidental expenses, such as room and board, travel, and
optional equipment, as well as amounts received as payments
for teaching, research, or other services required as a
condition for receiving the scholarship or fellowship grant.

If any part of your scholarship or fellowship grant is
taxable, you may have to make estimated tax payments. For
more information refer to Topic 355 or to Publication 520,
Scholarships and Fellowships. You may access these
references at http://www.irs.gov

"Jack" - John H. Fisher - TaxService[at]aol.com
Philadelphia, Pa - Atlantic City, NJ - West Wildwood, NJ
My Newsgroups & Boards at: http://members.aol.com/TaxService/index.html

Where Ignorance is bliss, 'tis folly to be wise!=

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"A" <a[at]nospam.com> wrote:
- quote -

If a student has a scholarship that is not restricted to
tuition and books, then can the parking be paid by the
scholarship and escape taxation?

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A wrote:
- quote -

I'm wondering now. the OP MAY have been relating this to
the allowable deduction for mileage when one goes directly
from work to take classes (relating to that work of course).
speaking from experience of course, since I once upon a
time would drive two nights a week from my office on Harford
Road in Baltimore to the campus of Loyola working on my MBA
in finance. (know where that is, Dick?)

ChEAr$,
Harlan Lunsford, EA n LA

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Paul A Thomas wrote:
- quote -

But if your education expenses, e.g. continuing, are
deductible then the related parking charges would be too.

--
Frederick E. Jorden http://Tax-Accounting-Payroll.com
7825 Midlothian Tpk - 207 Richmond, VA 23235-5247
EMAIL knowtax[at]bigfoot.com
(804) 320-6210 FAX (804) 320-6211

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"Kenneth Courville" <krcourville[at]msn.com> wrote:

- quote -

Try IRS Pub 17 for general question. No, transporation,
insurance, room and board, and similiar personal, living, or
family expenses do not qualify as education expenses even if
the fee must be paid to the institution as a condidtion of
enrollment.

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"Kenneth Courville" <krcourville[at]msn.com> wrote

- quote -

Parking? No.

--
Paul A. Thomas, CPA
Athens, Georgia
taxman at negia.net

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I've tried looking at the irs web site for info on whether I could
deduct education parking expenses.

Can anyone provide a yes or no to this? Or do you know of a good,
simple resource I can reference for this type of info?

Thanks.

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