Off-Campus Rental

Forum|Forum|4 years ago
March 4, 2022
1 reply
0 views

I've seen posts on how the rent can be entered in as room and board sections in Other Education Expenses. I was curious if the the only rent that can be entered as an education expense is when she was actively enrolled as school. The apartment complex required a 12 month lease which includes the summer months when she was not taking classes.

Should these months be excluded?

Not A Product Question

xmasbaby0

Employee

Housing, room and board or rent are not qualified education expenses.

What are qualified education expenses for the American Opportunity and Lifetime Learning credits?

SOLVED•by TurboTax•1504•Updated December 20, 2021

These expenses qualify, as long as they are required to enroll in or attend a qualified educational institution:

Tuition, if paid to the institution
Student-activity fees, if paid to the institution
Books, supplies, and equipment, if required to be purchased from the institution as a condition of enrollment or attendance (Lifetime Learning Credit)
Books, supplies, and equipment, regardless of where purchased (American Opportunity Credit)

Fees paid for non-credit courses and sports (or similar activities) don't qualify unless:

The course or activity is included in the student’s degree program, or
The course helps the student acquire or improve job skills (Lifetime Learning Credit only)

These expenses are not considered qualified education expenses for either credit:

Tutoring
Housing, room and board
Insurance, including student health fees
Medical or dental expenses
Transportation
Entertainment, babysitting, and other personal expenses

Qualified education expenses paid on behalf of the student by someone other than the student (such as a relative), are treated as paid by the student. Qualified education expenses paid (or treated as paid) by a student who's claimed as a dependent on your tax return, are treated as paid by you.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

msbnebAuthor

Tells me nothing about the question I asked but okay. These do affect your return even if they aren't considered education expenses. I can use money from a 529 account to pay for room and board. Also it impacts Education credits.