One Month Education -Bank Paid $10K

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  • zeros
    Senior Member
    • Dec 2006
    • 921

    #1

    One Month Education -Bank Paid $10K

    Client was in college for 1 month in 2010. Bank paid on behalf of her, $10,000 for 2009 and 2010. Paid the funds in 2010. See any problem with deducting the full $10K?
  • Davc
    Senior Member
    • Dec 2006
    • 1088

    #2
    The devil is in the details and you're not giving any.

    Comment

    • taxmom34
      Senior Member
      • Nov 2008
      • 732

      #3
      what happened to at least half time student? wouldnt she be disqualified?

      Comment

      • BP.
        Senior Member
        • Oct 2005
        • 1750

        #4
        Originally posted by taxmom34
        what happened to at least half time student? wouldnt she be disqualified?
        Only required for AOC, and who knows what is happening under the scenario given. There's mention of a deduction (T&F??) and a $10K figure (LLC??) neither of which require half time status- but who can say?

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