Federal taxes - 1098 T

DogCarbon

DS - USMMA 2011
10-Year Member
5-Year Member
Joined
Mar 24, 2009
Messages
43
my tax professional is not liking the fact that the USMMA does not send out a 1098 T, therefore is suggesting we not take the credit we pay for the mids expenses..... it is a bill, and it needs to be paid as a condition of them attending the school.

What do the other USMMA parent do?

What does your tax professional tell you?

In the past I have taken the credit because I did my own taxes with Turbo Tax, but now we have this "professional" :cool:
 
What is the bill for- tuition or room and board?
You can't take the credit for room and board, only for "qualifying expences" - tuition, books.
 
You cannot take a deduction for the following:

  • Room and board, insurance, medical expenses (including student health fees), transportation or other similar personal, living or family expenses

  • Course-related books, supplies, equipment and nonacademic activities, except for fees required to be paid to the institution as a condition of enrollment or attendance

  • Any course involving sports, games or hobbies, unless such course is part of the student's degree program
 
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