I have already got my BA degree and pursuing graduate school. I had spent money on books, supplies and examination fees in 2019 required of the Grad S. Can I deduct it?

Forum|Forum|6 years ago
April 17, 2020
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TurboTax Self Employed Online

Hal_Al

Employee

No. Only tuition and fees required for enrollment or attendance are qualified expenses. Books are generally not a qualified expense*. The more generous American Opportunity Credit (AOC) is not available to grad students. You can only use the Lifetime Learning Credit (LLC) or Tuition and Fees deduction (TFD).

Reference: https://www.eitc.irs.gov/other-refundable-credits-toolkit/compare-education-credits/compare-education-credits

*Student activity fees and expenses for course-related books, supplies, and equipment are included in qualified education expenses only if the fees and expenses must be paid to the institution for enrollment or attendance.