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Sharon is a sophomore in the University of Virginia’s degree program in culinary sciences. Sharon paid...

Sharon is a sophomore in the University of Virginia’s degree program in culinary sciences. Sharon paid $3,000 in tuition. She paid a total of $500 for books from e-bay and purchased some equipment for used in the food lab from WalMart. Sharon paid $3,500 for room and board. What are her total qualifying educational expenses?
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As per IRS, expenses for tuition fees, related educational equipment and supplies are qualified educational expenses:

Answer is highlighted in yellow: Solution Answer: $ 3,500 Explanation: As per IRS, expenses for tuition fees, related educational equipment and supplies are qualified expenses. Therefore, (3000+500) -3500 Expenses for room, living are not qualfying educational expenses. It is standardized no further explanation require

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