Qualified Education Expenses Worksheet
Free Printable Qualified Education Expenses Worksheet
The 3 000 will be entered on line 2a.
Qualified education expenses worksheet. Enter the number from part 3 line 30 on part 1 line 1. Therefore only that person can claim an education credit for the student. Subtracting line 3 from line 1 you get qualified education expenses of 4 500. Complete part 1 only if you are claiming the american opportunity credit.
If a student isn t claimed as a dependent on another person s tax return only the student can claim the credit. To calculate the eligible expenses for their credit take the 7 000 3 000 grant 4 000 loan paid in 2019 plus the 500 for books and enter on line 1 of the worksheet above. Use the adjusted qualified education expenses worksheet to calculate the amount for line 27 reducing education expenses by any tax free scholarships and grants. He figures his american opportunity credit based on qualified education expenses of 4 000 which results in a credit of 2 500.
Contents1 why do you need adjusted qualified education expenses worksheet 2 how to get adjusted qualified education expenses worksheet 3 methods adjusted qualified education expenses worksheet 4 what are the results of adjusted qualified education expenses worksheet. You can claim an education credit for qualified education expenses paid by cash check credit or debit card or paid with money from a loan. Qualified education expenses must be paid by. Free printables worksheet adjusted qualified education expenses worksheet we found some images about adjusted qualified education expenses worksheet.
Qualified education expenses of the student are treated as having been paid by that person. Why is it important in modern life. Adjusted qualified education expenses worksheet lets answer the questions. Qualified education expenses and 4 400 for his room and board for the fall 2013 semester.
Fill out part 1. He and the college meet all the requirements for the american opportunity credit.