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12) Sam paid the following expenses during October 2017 for his son Aarons spring 2018 college expenses: Spring 2018 semester begins in January 2018: Tuition Housing Meal plan 18,000 8,000 3,500 In addition, Aarons uncle paid $500 for college fees on behalf of Aaron directly to the college. Aaron is claimed as Sams dependent on his tax return. How much of the paid expenses qualify A) $0. for purposes of the education credit deduction for Sam in 2017? B) $20,000. C) $18,000. D) $18,500.
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Answer #1

$).D.$18,500.

tution fees 18,000
direct payment of college fees 500
expenses qualifying for education credit deduction 18,500

housing expenses and meal plan are not qualifying expenses as per IRS rules.

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