2007-02-24 16:05:18 · 4 answers · asked by chaparralwolverines 1 in Business & Finance ➔ Taxes ➔ United States
Scholarships that pay for books and tuition are not included as income. The portion that pays for room and board may be taxable.
You can't take a tuition deduction for tuition paid with a scholarship, so if your son received a full scholarship you get NO tuition deduction.
2007-02-24 19:27:33 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
If the tuition was paid by scholarships, then you can't take a tuition deduction for them. If scholarships paid only part, then you could take a deduction based on the additional amount.
2007-02-24 16:17:59 · answer #2 · answered by Judy 7 · 2⤊ 0⤋
Does he have to claim them as income? Yes, he can if he is filing separately from you but if you are claiming his tuition I think you have to have him on your tax form as a dependent.
2007-02-24 16:13:17 · answer #3 · answered by Anonymous · 0⤊ 2⤋
Sure you can do it but it is illegal.
2007-02-24 16:27:52 · answer #4 · answered by Anonymous · 0⤊ 1⤋