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IRS Tax Question: If you pay for your dependents college
IRS Tax Question: If you pay for your dependents college with the 529 plan partially and partially without, how do you determine what is eligible for the education credits or deductions. Please provid… read more
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How are you... i do have a question and I am not sure who to
HI there How are you... i do have a question and I am not sure who to ask it is pretty simple question … read more
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I have 529 plans in my name and social. My two kids are listed as the FBO. In 2016 we took gross distributions of 25,002. Of this amount 13,602 was considered earnings and 11,400 was my initial invest… read more
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This is a question regarding claiming American Opportunity
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Can 529 and tax free state scholarship funds be used to claim
Can 529 and tax free state scholarship funds be used to claim American Opportunity Tax Credit? GA Hope paid $4200, GA 529 paid $6000 ($5428 was basis). GA 529 sent me a document with basis and earning… read more
Megan C
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Two dependents, both attended local university during 2013,
Two dependents, both attended local university during 2013, both full time students - Received 1099-Q's in their name. The 1099-Q's are from a state guaranteed tuition program. I Have 1098-T's in thei… read more
Lev
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One of my sons just graduated from college with $16500 in student
One of my sons just graduated from college with $16500 in student loans incurred over the least 4 years. I would like to use his 529 to pay them off. I assumed that I could do this tax-free and now fi… read more
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Have a question about using my daughters 529 college savings
Have a question about using my daughter's 529 college savings plan. She lives in Charleston SC and is an off-campus student. What do I need to be doing to track that the money I take from her 529 is u… read more
PDtax
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My MAGI is 114k / year. - I recently took a training related
My MAGI is 114k / year. - I recently took a training related to my job and paid $3200 for that. - I am also doing master's to enhance my job skills. I paid around $3000 for that (this year). - I gave … read more
USTaxAdvising
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I have received the American opportunity credit for my sons
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This is for an accountant or tax preparer..My new wife is from
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We funded a Florida Prepaid Account for my daughter about 6
We funded a Florida Prepaid Account for my daughter about 6 years ago. She's now attending college. I've seen some sites saying we can't take an education credit if the tuition was paid out of this ac… read more
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529 Tap Program If you take money out of the Tap program to
529 Tap Program:If you take money out of the Tap program to pay for qualified educational expenses, do you get to take the educational credits?… read more
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MY AGI IS 79,985 AMY SONS COLLEGE EXPENSES ITEMIZED ARE 24k
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Lev
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Hello. My tax question relates to being in college. I recently
Hello. My tax question relates to being in college. I recently began taking classes at a local community college. I go part time, two classes per semester. I haven't taken out any loans or been given … read more
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I am trying to reduce what will be my taxable income for 2010.
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I am using Turbo Tax for my tax return this year. My son had
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I have a blizzard of 1099Q's and 1098T's, and I don't know what to do with them. I have 2 kids in college. My son got a 1098t for $6504.30, my daughter got a 1098t for $8034 (in their names). I have 3… read more
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