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I have a Higher Education Tax question. In 2009 I was taking

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I have a Higher Education...
I have a Higher Education Tax question. In 2009 I was taking courses from two colleges. My primary college was Franklin University as a degree seeking student with one course left to take from that college. In addition, I was taking courses from Kaplan and was not admitted as a degree seeking student. However, the courses I was taking were being transferred to Franklin to complete my degree there.

My question is, since I was not a degree seeking student at Kaplan and only taking courses through their CFP program I have not received a 1098T. Since all the courses were related to my degree where do I add the tuition and fees for the courses at Kaplan that I do not have a 1098T for?
Submitted: 7 years ago.Category: Tax
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2/1/2010
Tax Professional: Robin D., Senior Tax Advisor 4 replied 7 years ago
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
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HelloCustomer

If you are claiming the Lifetime Learning Credit, here are the rules for the Lifetime Learning Credit:

  • Classes taken for fun, as a hobby, for no credit, or as a sport aren't eligible.
  • Cannot be used on tuition that was paid for with a grant, scholarship, or employer funds.
  • Can only be claimed once per year per household, even if multiple students are eligible.

A 1098T must be issued for every student attending a college or university. You may not count the CFP classes as there is no college credit received for them.

 

If you were required to take the courses due to employment then you may be able to take the cost on your Schedule A as an employee expense. If your educational expenses are acquired in order to further your knowledge in your current profession, and your company does not reimburse the expense, you can take a deduction.

 

I sincerely XXXXX XXXXX information is helpful,

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Customer reply replied 7 years ago
As I stated earlier, the CFP courses were transferred to Franklin Univeristy for credit and towards my Degree that I have now completed. Therfore, the tuition should qualify shouldn't it?
Tax Professional: Robin D., Senior Tax Advisor 4 replied 7 years ago

The classes you paid for were not credit courses at the time of tuition payment. I would not claim the amount without a 1098T to verify the tuition payment was for a qualified course.

It is great that they were later accepted for credit use at the other school but at the time you paid the course fee it would not be considered for education credit. You can use the amount for the employee expense if you file Schedule A.

Robin D.
Robin D., Senior Tax Advisor 4
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