Originally Posted by Breacher74
But what about the tuition I paid for his last semester in January 2012? It was reported on his 2012 1098-T but can I claim half the amount ($4924) for this year?
aslong as you can claim him as a dependent on your tax return, it might allow you to take an education credit.You can use 1098-T information to help you apply for an education tax credit if you wishIf you intend to claim educational credits, you must transfer the information from this form to Form 8863. Form 1098-T only lists deductible educational expenses: tuition and mandatory fees. Room and board are not qualified educational expenses, nor are most textbook fees, as students have the option of purchasing textbooks online rather than from the school bookstore. Thus, Form 1098-T does not list these expenses. If you believe you have additional qualified educational expenses, consult your tax professional to determine how much of a credit or deduction to claim on your taxes.