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I paid my grandson's tuition directly to a qualifying school, how is the amount entered on my taxes? Is the gift considered a contribution?
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Q. How is the amount entered on my taxes?
A. It is not entered on your taxes at all, unless your grandson is your dependent.
Q. Is the gift considered a contribution?
A. No. Tuition paid directly to the school, by a grandparent, is exempt from gift tax rules (the education exception).
Even though you paid the tuition, the parents may still claim the tuition tax credit, because the student is their dependent.
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