"Bewildered" <bewildered[at]yahoo.com> wrote:

- quote -

Education tax benefits follow the student's dependency
exemption, unless no one claims the student's personal
exemption, in which case they go to the student.

You can't get a benefit from tax-free 529 distributions, and
books rarely count. See IRS Publication 970.

--
Phil Marti
Clarksburg, MD

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My 19 year old son is a freshman. I got a 1098-T for his
tuition.

His tuition is being paid out of a 529 in his name. (yeah,
that is a crappy way to do it, but there were good reasons
for it at the time.) He will not have significant income in
2006, though he will in 2007. I will have good income in
both years.

Can he take advantage of any deductions for his payments?
Can I? (I did not pay for anything except incidentals like
books.)

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >