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June 1, 2019
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I LOANED MY GRANDSON 10,000 FOR TUITION DOES THAT COUNT AS HIGHER EDUCATION?

  • June 1, 2019
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Best answer by ChristinaS

Not likely. To get a benefit for educational costs, the student must be a dependent on your return.

https://turbotax.intuit.com/tax-tools/tax-tips/Tax-Deductions-and-Credits/What-are-Education-Tax-Cre...

Your grandson may benefit for an educational credit on his return. Your loan to him is not income to him.

1 reply

Employee
June 1, 2019

Not likely. To get a benefit for educational costs, the student must be a dependent on your return.

https://turbotax.intuit.com/tax-tools/tax-tips/Tax-Deductions-and-Credits/What-are-Education-Tax-Cre...

Your grandson may benefit for an educational credit on his return. Your loan to him is not income to him.