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Federal taxes - 1098 T

Discussion in 'Service Academy Parents' started by DogCarbon, Mar 24, 2009.

  1. DogCarbon

    DogCarbon DS - USMMA 2011 5-Year Member

    Mar 24, 2009
    Likes Received:
    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:
  2. Just_A_Mom

    Just_A_Mom 10-Year Member

    Jul 9, 2006
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    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.
  3. Luigi59

    Luigi59 Banned

    Apr 1, 2007
    Likes Received:
    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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