I have a client who has spent over $41,000 last year for dependent college expenses. Approximately, $6K was for international travel, lodging, passport, airline etc. The American Opportunity Credit is maxed just by tuition. Is there any creative ways to deduct some of the international expenses?
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Deductions for dependent studying overseas
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I'll be the first to answer then
Short answer is no, chalk it up to a great experience over in a foreign land and not a deductible expense. Tell your client I am willing to learn anything if they will pay for my vacation!Circular 230 Disclosure:
Don't even think about using the information in this message!
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