12-22-2020, 03:10 PM
(This post was last modified: 12-22-2020, 03:11 PM by BrianFallon.)
Please consult your tax advisor. The residency waiver fee is not a qualified education expense. There IS a reason TESU did not include it.
Pub 970 includes the definition of qualified education expense. The operative word in the definition is “required for enrollment or attendance.”
In other words, you incurred the expense simply by enrolling at the school or attending a class - as did all other students.
The residency waiver is an optional fee.
You can look on page 13.
Source: IRS pub 970 and my 15 years at IRS, where I taught new hires their 4 month basic income tax law course.
https://www.irs.gov/pub/irs-pdf/p970.pdf
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This is incorrect.
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Pub 970 includes the definition of qualified education expense. The operative word in the definition is “required for enrollment or attendance.”
In other words, you incurred the expense simply by enrolling at the school or attending a class - as did all other students.
The residency waiver is an optional fee.
You can look on page 13.
Source: IRS pub 970 and my 15 years at IRS, where I taught new hires their 4 month basic income tax law course.
https://www.irs.gov/pub/irs-pdf/p970.pdf
Sent from my iPhone using DegreeForum.net
(12-21-2020, 11:15 PM)harrypotter Wrote: Yes, you can include this. I’m not sure why no one has posted anything regarding this before. Sounds like a lot of people are missing out on free money..
This is incorrect.
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