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June 5, 2019
Question

The education expenses section asks whether I paid for books/materials required to be purchased from school, but these payments were made to Pearson's web service

  • June 5, 2019
  • 2 replies
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2 replies

June 5, 2019
Additionally, as these web course payments included an e-textbook, does this mean the total amount paid would qualify as "books and materials"?
June 5, 2019

The payments made to Pearson and for an e-textbook would only qualify for the American Opportunity Credit.

For American Opportunity Credit only, expenses for books, supplies, and equipment the student needs for a course of study are included in qualified education expenses even if it is not paid to the school.

For the Lifetime Learning Credit, expenses for course-related books, supplies, and equipment can ONLY be qualified expenses if the fees and expenses are paid to the school as a condition of enrollment or attendance.

The books/materials need to be purchased from the school to qualify for the Lifetime Learning Credit.

The books/material can be purchased anywhere for the American Opportunity Credit.


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