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#6
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| <removeps-groups[at]yahoo.com> wrote: http://www.irs.gov/publications/p502/ar02.html#d0e318 - quote - > says you can only deduct medical expenses for your dependent (although
You stopped reading too soon. Pub 502 goes on to say that a "dependent" is> children of divorced or seperated parents are considered dependents of > both parents for the purpose of this deduction). either a qualifying child or a qualifying relative. Keep reading to the section on qualifying relative and you'll learn that for this purpose a qualifying relative is as previously described. -- Phil Marti Clarksburg, MD -- << ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#5
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| On Mar 24, 2:57 pm, "Paul Thomas, CPA" <paulthomascp...[at]bellsouth.netwrote: - quote - > If the person meets all the other criteria, except for the income
Where is the above quote from?> limitations, or they are claimed by the other parent, then any medical > expenses paid on their behalf would count as medical on your Schedule A. http://www.irs.gov/publications/p502/ar02.html#d0e318 says you can only deduct medical expenses for your dependent (although children of divorced or seperated parents are considered dependents of both parents for the purpose of this deduction). -- << ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#4
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| Paul Thomas, CPA wrote: - quote - > "Jeff" <Willliam[at]naol.com> wrote > > Paul Thomas, CPA wrote: > > > "Jeff" <Willliam[at]naol.com> wrote > > > > In 2007, I paid the college costs of a child who is no longer my > > > > dependent and has not been my dependent for several years. I > > > > believe I can still deduct those tuition costs which I paid by > > > > check directly to the University. > > > > > > > Is that correct? > > > > > Nope. It's not deductible tuition, nor is it elgible for any > > > education tax credits.....for you. > > > > > The education tax credit stays with the student, so amounts you pay > > > ~may~ be used by the student, if they file their own returns and > > > claim themselves. > > Ah. I must have had it mixed up with medical expenses. I beleive > > medical expenses are deductible even if paid for a non dependent. > > Correct? > If the person meets all the other criteria, except for the income > limitations, or they are claimed by the other parent, then any medical > expenses paid on their behalf would count as medical on your Schedule > A. Thank you and thank you for taking the time to reply. -- << ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#3
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| "Jeff" <Willliam[at]naol.com> wrote - quote - > Paul Thomas, CPA wrote: > > "Jeff" <Willliam[at]naol.com> wrote > > > In 2007, I paid the college costs of a child who is no longer my > > > dependent and has not been my dependent for several years. I > > > believe I can still deduct those tuition costs which I paid by check > > > directly to the University. > > > > > Is that correct? > > > Nope. It's not deductible tuition, nor is it elgible for any > > education tax credits.....for you. > > > The education tax credit stays with the student, so amounts you pay > > ~may~ be used by the student, if they file their own returns and > > claim themselves. > Ah. I must have had it mixed up with medical expenses. I beleive medical > expenses are deductible even if paid for a non dependent. Correct? If the person meets all the other criteria, except for the income limitations, or they are claimed by the other parent, then any medical expenses paid on their behalf would count as medical on your Schedule A. -- Paul A. Thomas, CPA Athens, Georgia -- << ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#2
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| Paul Thomas, CPA wrote: - quote - > "Jeff" <Willliam[at]naol.com> wrote
medical expenses are deductible even if paid for a non dependent.> > In 2007, I paid the college costs of a child who is no longer my > > dependent and has not been my dependent for several years. I > > believe I can still deduct those tuition costs which I paid by check > > directly to the University. > > > Is that correct? > Nope. It's not deductible tuition, nor is it elgible for any > education tax credits.....for you. > The education tax credit stays with the student, so amounts you pay > ~may~ be used by the student, if they file their own returns and > claim themselves. Ah. I must have had it mixed up with medical expenses. I beleive Correct? Jeff -- << ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#1
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| "Jeff" <Willliam[at]naol.com> wrote - quote - > In 2007, I paid the college costs of a child who is no longer my dependent > and has not been my dependent for several years. I believe I can still > deduct those tuition costs which I paid by check directly to the > University. > Is that correct? Nope. It's not deductible tuition, nor is it elgible for any education tax credits.....for you. The education tax credit stays with the student, so amounts you pay ~may~ be used by the student, if they file their own returns and claim themselves. -- Paul A. Thomas, CPA Athens, Georgia -- << ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- > |
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| "Jeff" wrote: - quote - > In 2007, I paid the college costs of a child who is no longer my dependent
Sorry, no. See IRS Publication 970.> and has not been my dependent for several years. I believe I can still > deduct those tuition costs which I paid by check directly to the > University. > Is that correct? -- Phil Marti Clarksburg, MD -- << ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#-1
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| In 2007, I paid the college costs of a child who is no longer my dependent and has not been my dependent for several years. I believe I can still deduct those tuition costs which I paid by check directly to the University. Is that correct? Where in the tax forms do I list those paid tuition costs. Thanks. Jeff -- << ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- > |
| Tags |
| costs, deducting, education |
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