I am preparing client's tax return for 2013. Here are the facts:
2013 Form W-2: $100,000 wages
2013 Form 1098-T: $39,000 amount billed
Thus, she would be ineligible for the Lifetime Learning Credit
She is also ineligible for Tuition &Fees Deduction
Her goal is to get an MBA and return to Finance, probably with another big bank.
She can produce an email conversation with her former boss discussing how her current studies will enable her to excel with a big bank as an underwriter and possibly engage in the sale (marketing) of financial services.
I advised her that
Here are my questions:
Thanks so much,
Research in support: