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Posted by Mark Bole on August 17, 2008, 2:01 pm
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alalee@gmail.com wrote:
> I have living expenses, books and tuition that are legitimate college
> expenses for my daughter. I pay for most of these costs directly but
> my daughter pays for some out of her summer earnings.
>
> My question is: If my daughter pays for her books, can I use that as
> an expense on my tax return? She is my dependent.
>
Short answer: regular college textbooks are not qualified expenses for
education credits or tuition and fees deduction, unless they can only be
purchased directly from the school and are required to enroll.
Note that living expenses also do not qualify.
But in general, qualified expenses (tuition and mandatory fees) paid by
a dependent of yours are treated as paid by you for credit/deduction
purposes.
IRS Pub 970 has a clear explanation with examples and flowcharts for
most situations.
-Mark Bole
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