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School tuition and taxes

Posted on 1/6/13 at 3:10 pm
Posted by King of New Orleans
In front of The Hungry Tiger
Member since Jul 2011
9946 posts
Posted on 1/6/13 at 3:10 pm
If you withdraw from school and get all of your money back, can you still include it on your taxes? I would assume you can't.
Posted by lsusystem
Member since Jun 2007
351 posts
Posted on 1/6/13 at 9:05 pm to
If you are referring to 1098T, schools report one of two ways; either when you are charged for tuition or when you pay for tuition. You can contact the bursar office to get an explanation. Possible for you benefit one year and pay for it the next (tax wise).
Posted by King of New Orleans
In front of The Hungry Tiger
Member since Jul 2011
9946 posts
Posted on 1/7/13 at 12:08 am to
Still a little confused...
Posted by yellowfin
Coastal Bar
Member since May 2006
97581 posts
Posted on 1/7/13 at 7:37 am to
no you can not take the deduction/credit
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35457 posts
Posted on 1/7/13 at 8:15 am to
You would assume correctly. That would be fraud.
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